ECN vs. Crossing Networks

CFA Level III
#1

In a nutshell please :slight_smile:

#2

Uh. Isn’t ECN Electronic Crossing Network??

#3

hopefully this won’t be on it!

#4

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)

#5

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!?

#6

wuts meant by price discovery?

#7

price determined by supply and demand