2007 Review: ECNs Get A New Lease on Life
The Year in Trading
Traders Magazine, December 2007
Call it: The Rise of the ECNs, Part 2. Led by Kansas City-based BATS Trading, new electronic communications networks, or ECNs, have once again gobbled up exchange execution volume. Their popularity is reminiscent of the late 1990s, when new order-handling rules gave birth to ECNs such as Island and Archipelago.
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