TY  - BOOK
AU  - Serval,Thomas
TI  - When Networks Become Stock Exchanges
PY  - 2001///.
							
N1  - 85
N2  - Created by the Securities Exchange Commission ( SEC ), Electronic Communication Networks ( ECN ) were designed as alternative trading systems to bypass the monopoly of the market makers on NASDAQ. ECNS allow investors to execute orders directly, with more discretionary power and theoretically at a lower cost. ECNS can be understood as a first step towards a global decentralized marketplace and the sign of a convergence between stock markets and financial information networks. Classification JEL: G14, G15
UR  - https://shs.cairn.info/journal-revue-economique-2001-7-page-249?lang=en
ER  -