Difference between revisions of "Alternative Trading Systems"

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An alternative trading system (ATS), also called an alternative trading platform, is an electronic system that can bring together potential buyers and sellers of [[securities]], sometimes doing away with the traditional [[broker]]'s role in trading. ATSs include matching systems, crossing networks, and [[Electronic Communications Networks]] (ECNs). An [[ECN]] is an ATS that has registered with the [[SEC]] as either a broker or an exchange.<ref>{{cite web|url=http://www.soforum.com/library/ecn_ats.shtml#INTRO|name=ECN and ATS, The Electronic Future|org=Securities Operations Forum|date=May 27, 2008}}</ref><ref>{{cite web|url=http://www.sec.gov/divisions/marketreg/mrecn.shtml|name=ECNs/Alternative Trading Systems|org=SEC|date=December 28, 2011}}</ref>
 
An alternative trading system (ATS), also called an alternative trading platform, is an electronic system that can bring together potential buyers and sellers of [[securities]], sometimes doing away with the traditional [[broker]]'s role in trading. ATSs include matching systems, crossing networks, and [[Electronic Communications Networks]] (ECNs). An [[ECN]] is an ATS that has registered with the [[SEC]] as either a broker or an exchange.<ref>{{cite web|url=http://www.soforum.com/library/ecn_ats.shtml#INTRO|name=ECN and ATS, The Electronic Future|org=Securities Operations Forum|date=May 27, 2008}}</ref><ref>{{cite web|url=http://www.sec.gov/divisions/marketreg/mrecn.shtml|name=ECNs/Alternative Trading Systems|org=SEC|date=December 28, 2011}}</ref>
  

Latest revision as of 12:34, 11 April 2019

An alternative trading system (ATS), also called an alternative trading platform, is an electronic system that can bring together potential buyers and sellers of securities, sometimes doing away with the traditional broker's role in trading. ATSs include matching systems, crossing networks, and Electronic Communications Networks (ECNs). An ECN is an ATS that has registered with the SEC as either a broker or an exchange.[1][2]

References

  1. ECN and ATS, The Electronic Future. Securities Operations Forum.
  2. ECNs/Alternative Trading Systems. SEC.