Knight/Trimark Group, Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sir Francis Drake who wrote (3247)	8/8/1999 1:15:00 PM
From: Testy_Coles	Read Replies (3) of 10027

Morgan and Herschel, this was lifted from the Yahoo NITE board... >>>If a limit order is submitted through an ECN, that ECN can/will attempt to match that order to another limit order in their own book. To do this efficiently, the ECN must have a large order book. At some point, if the ECN cannot match the order, then it next goes out to the exchange board where anyone can execute it. The ECN holds no stock inventory, thus is unable to execute the trade if holds no matching order. They have few employees, and they make their money charging a cent a share or less. It is increasingly a highly automated process.<<< my question... I did not realize ECN's could "match up" internal orders. I thought they were strictly a target vehicle to execute. If the above is correct, ECN's would seem to be more like an exchange. Maybe I'm not seeing the forest for the tree's...please comment if you can. Thanks!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next