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Foundations Of Financial Management
Found in: Page 471
Foundations Of Financial Management

Foundations Of Financial Management

Book edition 16th
Author(s) Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
Pages 768 pages
ISBN 9781259277160

Short Answer

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?

Electronic communication networks deal with orders.

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

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Step by Step Solution

Stock market

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

Electronic communication networks

.Electronic communication networks (ECNs) follow a precise approach to deal with orders. It automatically matches, purchases, and sells various orders at 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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