ECN

An Electronic Communication Network (ECN) is a type of system used in financial markets to match buy and sell orders for securities automatically. It operates electronic platforms that connect investors directly, allowing for faster and more transparent trading without relying solely on traditional exchanges. ECNs help improve market efficiency by providing real-time data, reducing trading costs, and enabling trading outside regular market hours. They are widely used by institutional investors and traders seeking quick execution and better prices, making the buying and selling process smoother and more competitive.