Brokers send orders to ecns or use ecns to submit new orders ?

Discussion in 'Trading' started by paulsmith55, Jan 8, 2020.

  1. paulsmith55

    paulsmith55

    I dont understand. Ecns are similar to market makers ?

    Can different ECNs fill a order ?
     
    #1     Jan 8, 2020
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  2. Robert Morse

    Robert Morse Sponsor

    An ECN is like an exchange in that buyers and sellers meet there to trade. An ECN does not provide liquidity. MMs provide liquidity so you can buy/sell when no customer orders are present.
     
    #2     Jan 8, 2020
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    JesseJamesFinn1 likes this.