THE SHOCKING TRUTH ABOUT (ECN) If you have the access to (ECN) An electronic communication network you can directly route your order to your select MM of your choice without going through a middleman (broker)
ECN makes money by charging a fee for each transaction to meet financial obligations. Some ECNs are designed to serve institutional investors, while others are designed to serve retail investors.
There is also another system call ATS is matching systems receive orders and you can route your order of your selecting MM as well.
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