Electronic Communication Network definition
Examples of Electronic Communication Network in a sentence
Electronic Communication Network - Cross EngineOur ECN is one of the largest and most technologically advanced liquidity pools in the forex market with an aggregated FX liquidity feed, an aggregated feed through FIX API and low latency API, an aggregated feed with assemble liquidity books, and an aggregated feed from the SGX, CME, NSE, DGCX, MCX-SX and ICE exchanges.
BATS was founded in June 2005 as an Electronic Communication Network (“ECN”) and its name stands for Better Alternative Trading System.
Unless otherwise determined and stated "in the terms agreed upon by mutual consent of the Parties", we will transmit your Orders for execution directly to our liquidity providers on a Straight Through processing (STP) basis or via our Electronic Communication Network (ECN).
Other than with respect to the transmission of your Orders for execution directly to our liquidity providers on a Straight Through processing (STP) basis or via our Electronic Communication Network (ECN), we shall not have any responsibility, either to you or to your underlying Principals or customers (if any) and you alone will be responsible for the performance of your obligations.
In line with the Relevant Regulations the Principal is required to set up the Straight Through Processing (STP)/ Electronic Communication Network (ECN) Order Execution Policy and to take all sufficient steps to obtain the best possible results for its clients (“best execution”) when the Principal is executing client orders in relation to the financial instruments.