An Electronic Communications Network (ECN) Is an Automated, Computerized Securities

question 70

True/False

An electronic communications network (ECN) is an automated, computerized securities trading system that automatically matches buyers and sellers, allowing trades to be executed very quickly and at times when markets are normally closed.

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Definitions:

Federal Trade Commission

A United States federal agency responsible for preventing fraudulent, deceptive, and unfair business practices in the marketplace.

Securities and Exchange Commission

A U.S. federal agency responsible for regulating the securities industry, ensuring transparency and protecting investors.

Code of Federal Regulations

A collection of the rules and regulations issued by federal agencies, organized by subject area into a comprehensive reference.

Statutes

Written laws passed by legislative bodies at the federal or state level.