Electronic Communications Networks (ECNs)

question 74

Multiple Choice

Electronic communications networks (ECNs)

• A)have open access to the NYSE but no access to NASDAQ.
• B)totally replaced face-to-face trading on the NYSE in 2015.
• C)are available only to financial institutional traders.
• D)act to increase liquidity in the financial markets.
• E)are used solely by market makers to place bid and ask quotes.

---

Definitions:

Judicial Order

A directive issued by a court or a judge requiring a person or entity to do or refrain from doing something.

Illegal

Activities or actions that are forbidden by law and subject to criminal penalties or other sanctions.

Consumer Law

Statutes, agency rules, and judicial decisions protecting consumers of goods and services.

Statutes

Laws or acts enacted by the legislative branch of a government.