Which of the Following Is NOT True About an Electronic

question 5

Multiple Choice

Which of the following is NOT true about an electronic communications network (ECN) ?

• A) It is an alternate trading system that must be registered with the SEC as a broker-dealer.
• B) Its participants include institutional investors,broker-dealers,and market makers.
• C) It publicly displays the limit order book to subscribers.
• D) It is primarily a trading venue for stocks and currencies.
• E) It is a secretive trading network that does not send an order directly to an exchange or display it in a limit order book.

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