Meridien Research Sees ECN Shakeout In One To Two Years

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NEW YORK--Where have ECNs been? And where are they going? Meridien Research, a Newton, Massachusetts-based provider of analytical research tools for financial technology users, attempts to answer those questions in a newly-released report, ECNs--Who Will the Winners Be? It traces ECNs' development from what it describes as "a dumping ground for Nasdaq limit orders" to their role in shaping the trading environment for the next century.

Meridien's view of the market impact of ECNs is a bit of a

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