ECNs to Make Nasdaq Inroads but Will Struggle for Listed Securities
ATS/ECN UPDATE
CAMBRIDGE, MASS.--ECNs, which collectively represent over 30 percent of the Nasdaq stock market, may garner the majority of Nasdaq trade volume in the next three years but may also find it more difficult to make any headway in listed securities.
A report released last week by Cellent Communications predicts that "ECNs will continue their robust growth and make up over 50 percent of all Nasdaq share trading by 2003. Despite their stellar performance in Nasdaq, we expect the ECNs to continue to
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