Electronic Communication Networks (ECNs) Automatically Match Buy and Sell Orders

question 37

True/False

Electronic communication networks (ECNs) automatically match buy and sell orders at specified prices, and orders are not routed to the floor of an exchange before processing.

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Definitions:

Dollar Amount

A specific value or quantity of money expressed in the currency of the United States.

Investment Company

A corporation or trust engaged in the business of investing the pooled capital of investors in financial securities, including stocks, bonds, and money market instruments.

Intermediary

An entity that acts as a middleman between two parties in a financial transaction.

Pools

Aggregated funds from multiple investors used to buy securities, real estate, or other investments as a collective group.