标题: Price Discovery [打印本页]

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作者: RoastBeef    时间: 2011-7-11 19:38     标题: Price Discovery

Is it the anonymity or not having an auction function, that causes an ECN to have no price discovery?

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作者: pennyless    时间: 2011-7-11 19:38

I believe it is the auction process that leads to price discovery.

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作者: Darien    时间: 2011-7-11 19:38

In ECN the market participants do not know how much of the open orders stay "open", so price discovery is difficult.

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