ELECTRONIC COMMUNICATION NETWORK - ECN
Automated system matching buy and sell orders for securities. The network links individual traders and major brokerages so they can trade directly between themselves without a middleman or broker. As a result, order entry and execution process are done quickly and easily. ECN generates money by charging a fee for every transaction. The Securities and Exchange Commission mandates ECNs to register as broker-dealers.
POPULAR TERMS
Blotter
Record of transactions made within a time period. Details include time, price, volume, and order (buy or sell). Normally created through a trading ...
Estimated Current Return
Approximate return for a unit investment trust over the short-term, which is calculated by getting the valuated annual interest income from the sec ...
Lock-Up Agreement
A legally binding contract which prohibits the underwriters and company insiders from selling any shares of stock during the transition period for ...
Transfer Payment
1. In the United States, payment given by the government to individuals through several benefit programs.
2. In Canada, payment made by t ...
ZBA
A Zero Balance Account or ZBA is a checking account with a maintaining balance of zero. Its sole purpose is to receive funds from a master account. ...
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