ECN

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ECN

(1) (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.lightspeed.com) and Instinet (www.instinet.com) are examples.

(2) (Engineering Change Notice) A document that identifies a change to a product. It includes the description of the change, reason behind it, departments affected, approval and time schedule.
References in periodicals archive ?
His answer was that ECNs weren't able to duplicate the flexibility of human traders.
For example, direct client-to-client matches account for approximately 45 percent of daily trading volume on the Hotspot FXi ECN, totaling several billion dollars.
Pressure from ECNs, electronic trading and market participants will force the U.
In fact, the Nasdaq owes much of its success attracting and keeping top-drawer firms like Cisco to the electronic trading technology behind ECNs.
We believe exchanges and ECNs will converge in the next three years.
Upstairs Liquidity and Market Opportunities: Portal uses Instinet's ProActive SmartRouter(SM) to simultaneously represent orders on multiple domestic market venues and DMA to international exchanges and ECNs.
Both Archipelago and REDIBook have, as measured by percentage volume increase, been the fastest growing ECNs.
Susquehanna customers can now route orders through Lava's patented technology to all major liquidity sources, including Nasdaq, Listed exchanges, ECNs and ATSs, as well as to Susquehanna's suite of algorithms.
For the first time since the creation of ECNs in 1996, the merger brings competition within striking distance of Instinet, which has been steadily losing market share over the last five years.
The application will give institutional brokers and their customers the ability to directly access and analyze data from more than 40 exchanges and ECNs, as well as global spot currency markets.
REDIBook ECN, one of the fastest growing Electronic Communication Networks (ECNs) in the country, and 3DStockCharts.