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electronic communications network (ECN)

electronic communications network (ECN) definition - business

electronic communications network (ECN)

A computerized trading network that matches buy and sell orders entered electronically by customers. Orders that cannot be immediately matched are posted for viewing by investors who may wish to take an offsetting position. Instinet became the first ECN when it started business in 1969. Archipelago and Island became two other large electronic communications networks.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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