Littlefield Corporation (LTFD) 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 : Littlefield Corporation (LTFD)

LTFD 0.170

0.0%

Sep 29 11:29 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Musya who wrote (5334)	12/9/1997 5:02:00 PM
From: Que	Read Replies (1) of 10368

An ECN in SEC speak is an Electronic Communications Network. Pretty meaningless huh? All it means is that it is a parallel network to NASDAQ itself where bids and asks can be entered by any party with a hookup. If a bid and ask match on the ECN it clears immediately without ever going to the NASDAQ - no exchange fees. More commonly, the bid and ask on the ECN is represented to the market. Its like a brokerage house, but with no brokers there. In fact, there is no there, there. The SEC has written guidelines for the operation of these ECNs, but the Island is the only one that I know of. I think they're great... If everyone put there trades in through the Island, NASDAQ would be a truly democratic market. Hopefully they are the future of NASDAQ. If you do a lot of trading you could get a direct hookup and have no broker at all! - for every trade that clears on the Island in parallel to NASDAQ (bid matched directly with ask) you would pay only $1! Unfortunately you would need NASD registration first. Oh well...some day. For info check out the website: isld.com L.L. & P.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next