Electronic Communication Network

Electronic Communication Network,

What is The Meaning of Electronic Communication Network?

Electronic Communication Network (ECN) is a computerized system that can automatically match orders to buy and sell securities in the market. It connects well-known brokers and individual traders so that they can trade directly with each other, without intermediaries, and allow investors from different regions to trade with each other quickly and easily. The United States Securities and Exchange Commission (SEC) stipulates that the ECN must be registered as a broker.

  • Electronic Communications Network (ECN) is a digital system that connects buyers and sellers who want to trade securities in financial markets.
  • The system allows brokers and investors from different regions to trade without third party intervention and offers investor privacy.
  • This system allows trading outside of traditional business hours, so that investors can respond to or expect messages outside of business hours.
  • One of the disadvantages of using ECNs is that they have access fees and commissions which can increase the cost of general use.

Literal Meanings of Electronic Communication Network

Electronic:

Meanings of Electronic:
  1. (Devices) that contain or use many small components, including microchips and transistors that conduct and conduct electricity.

  2. About electrons.

  3. Developed or accessed by a computer or other electronic device, especially on a network.

Sentences of Electronic
  1. Electronic calculator

  2. Nuclear physics, in particular, involves the study of the electronic components of atoms.

  3. Electronic banking system

Synonyms of Electronic

mechanical, preprogrammed, computerized, mechanized, push-button, electronic, automated, unmanned, robotic

Communication:

Meanings of Communication:
  1. Communication or exchange of information or messages.

  2. Means sending or receiving information such as telephone lines or computers.

  3. Transport equipment or means of transport, such as roads or railways.

Sentences of Communication
  1. I am currently in London

  2. Satellite communications

  3. A city with excellent road and rail communications

Synonyms of Communication

links, presenting, conveying, imparting, divulgation, reporting, handing on, routes, conveyance, disclosure, transmission, relay, connections, services, passing on, divulgence

Network:

Meanings of Network:
  1. Arranging the intersection of horizontal and vertical lines.

  2. A group or system of people or things that are connected to each other.

  3. Connect or use network.

  4. Communicate with others to share information and make professional or social contacts.

Sentences of Network
  1. The spider forms a complex web of different types of threads

  2. Trade network

Synonyms of Network

interconnected system, mesh, complex system, grid, nexus, trellis, interconnected structure, complex arrangement, matrix, complex, webbing, system, tracery, net, lattice, criss-cross, web