Bank Analyst Predicts Bright Future For ECNs
Traders Magazine, October 1998
A bright future is predicted for electronic communications networks (ECNs) in a report published by BancBoston Robertson Stephens. The report forecasts that the volume of Nasdaq business transacted on ECNs will double within five years, from slightly more than the current 20 percent today.
"ECNs are essentially a new mechanism that adds liquidity to a market and helps take away some of the market-impact cost," states the report, authored by BancBoston Robertson Stephen's Gary R. Craft.
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