Of Markets and Mania

Latimore, Dan
November 1999
Financial Executive;Nov/Dec99, Vol. 15 Issue 6, p24
Academic Journal
The article reports on electronic communications networks (ECN) in stock exchanges. ECNs offer direct connections between buyers and sellers so that they are faster and more cost effective as there are no commission costs. The traditional arena of securities trading is changing due to the popularity of ECNs with certain sectors being affected more than others. Brokers, dealers, market-makers, and the stock exchanges themselves will be the most affected by changes from ECNs. However, ECNs can create problems such as market manipulation and a lack of market-makers to set prices when there is little activity.


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