| Electronic Communication Network - ECN | |
 An electronic system that attempts to eliminate the role of a third party in the execution of orders entered by an exchange market maker or an over-the-counter market maker, and permits such orders to be entirely or partly executed. |
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 An ECN connects major brokerages and individual traders so that they can trade directly between themselves without having to go through a middleman. |
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 Electronic Trading Tutorial - Learn about the systems that run the market. Topics include market makers, specialists, SuperDOT, ECNs, SOES, Level I, II, and III Access, and more. The Nitty-Gritty Of Executing A Trade - Ever wonder what happens behind-the-scenes when you buy or sell a stock? Read on and find out! Understanding Order Execution - The way in which your broker fulfills your orders can affect your costs. Getting to Know Stock Exchanges - Find out the answers to all the questions you had about stock exchanges but were afraid to ask! |
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