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Chapter 5: 8DQ (page 471)

What are electronic communication networks (ECNs)? Generally speaking, are they currently part of the operations of the New York Stock Exchange and the NASDAQ Stock Market?

Short Answer

Expert verified

Electronic communication networks deal with orders.

Also, they are a part of the New York Stock Exchange and NASDAQ.

Step by step solution

01

Stock market

Stock market is a place where sellers and buyers purchase and sell stocks. Stock market generally deals in listed stocksof different business entities.

02

Electronic communication networks

.Electronic communication networks (ECNs) follow a precise approach to deal with orders. Itautomatically matches, purchases, and sells various ordersat particular prices.

ECNs are now part of both major markets, which include the New York Stock Exchange and the NASDAQ. Previously, it competed against such markets

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