Electronic communication network

(ECN).

An electronic communication network is an electronic trading system that facilitates a broad range of trading requirements including, for example, the automatic matching of buy and sell orders at specified prices.

ECNs are often associated with the FX market between specialist dealing organisations ('the interdealer FX market').

See also

• Circuit breaker
• FX
• Invisible FX
• Price discovery
• Price formation
• Price transparency