Ahès Consulting has been conducting several business studies for its clients concerning MTF, ATS and ECN. The company has a big expertise in this subject.
An ATS (1) is "a multilateral system, operated by an entity that meets several other parts [...] buying and selling interests in financial instruments - in the system and in agreement with the non-discretionary rules set by system administrator - in a way that results in a contract "(2 )....
Read more...
Electonic Communications Networks, more commonly known as ECNs, are private electronic trading systems that bring levels of purchases and sales at a specific price. In terms of operational and legal, is an ECN broker, dealer (1) or an "exchange" (2) and is registered as such with the SEC (3), it can never be a bank . An ECN is a form of ATS ...
Read more...