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.

---

Definitions:

Closed Shop

A labor arrangement whereby all employees must be members of a specific union before being hired, typically agreed upon through union and employer negotiations.

Taft-Hartley Act

A United States federal law that restricts the activities and power of labor unions.

Outlawed

Describes something that has been prohibited or made illegal by law or regulatory authority.

Norris-LaGuardia Act

A 1932 United States federal law that limited the power of federal courts to issue injunctions in nonviolent labor disputes, thereby protecting the right of workers to organize and strike.