ECN vs. Crossing Networks

In a nutshell please :slight_smile:

Uh. Isn’t ECN Electronic Crossing Network??

hopefully this won’t be on it!

you mean Electronic Communication Network vs Electronic Crossing Network? They are both order market formats, the three types being 1) Electronic Crossing Network - Anonymous with no auction process (no price discovery) 2) Auction Market - Public with auction, (price discovery) 3) Electronic Communication Network - Anonymous with auction process (price discovery)

Yeah that’s what i meant… clearly I’m losing it. hahah So Crossing has no auction and no price discovery and Communication has auction and price discovery. Got it. Why would they sound so damn similar!?

wuts meant by price discovery?

price determined by supply and demand