出典:Wikipedia
出典:『Wikipedia』 (2010/06/06 05:40 UTC 版)
A crossing network is an ATS (Alternative Trading Systems) that matches buy and sell orders electronically for execution without first routing the order to an exchange or other displayed market, like an ECN (Electronic Communication Network), which displays a public quote. Instead the order is either anonymously placed into a black box or flagged to other participants of the crossing network. The advantage of the crossing network is the ability to execute a large block order without impacting the public quote.