Which characteristic is not true of electronic communication networks (ECNs) ?

A. automatically match buy and sell orders at specific prices via computers.

B. have increased the cost of trading.

C. have forced organized security exchanges to make significant changes in their operations and structures.

D. none of these options are false.

Question

Business

Carsen Leon

6 April, 03:04

Which characteristic is not true of electronic communication networks (ECNs) ?

A. automatically match buy and sell orders at specific prices via computers.

B. have increased the cost of trading.

C. have forced organized security exchanges to make significant changes in their operations and structures.

D. none of these options are false.

+4

Answers (1)

Know the Answer?

Viviana Davenport · Answer 1

The correct option is D

Explanation:

ECN stands for Electronic Communication Networks, which is a system that is digital and matches the sellers as well as the buyers who are looking for trading the securities in the financial markets.

The statement which is not a characteristics is none of the option because ECN acts as a market maker is not a characteristics of ECN.