ELECTRONIC COMMUNICATIONS NETWORKS (ECNs) as they are popularly known are well-established trading platforms in the United States (USA). A New York Times article reports that electronic trading is one in four transactions made by individual investors in USA. The goal of ECN's is to cut out intermediaries between buyers and sellers in stock transactions. "Today, ECNs account for approximately 30% of total share volume and 40% of the dollar volume traded in Nasdaq securities. ECNs account for …
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showed last 75 words of 1364 total
…them if they are perceived to function at cross-purposes with the Central government's policies. CONCLUSIONS It is still early in China's transition to clearly forecast whether privately run ECNs will evolve or not in China. WORKS CITED 1. http://www.sec.gov/news/studies/ecnafter.htm 2. http://daytrading.about.com/od/exchangesecns/ 3. http://www.inuvut.cn/diamonds/basic_search.jsp 4. http://www.blogginwallstreet.com/2005/04/reality-of-investing-in-china.htm 5. http://www.lexpress.mu/display_article_sup.php?news_id=47869