"Recent regulatory changes essentially allow electronic communications networks and other smaller players to compete," he told the Financial Times.

“最近的监管变革实际上允许电子通信网络和其它规模较小的机构参与竞争，”他向英国《金融时报》表示。

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Unlike the New York stock exchange where stocks are traded on the floor at the exchange, stocks which are listed on the NASDAQ trade via electronic communications networks.

不像纽约证交所的股票买卖在地板上进行，在纳斯达克上市的股票通过电子通讯网络。

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Through the combination with electronic forms of communication, rely on computer networks for communications technology as a basis for the realization of the online bookselling transactions.

它通过人与电子通信方式的结合，依靠计算机网络，以通讯技术为基础，实现图书销售的网上交易。

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It also let private trading systems called ECNs (electronic communications networks) post their prices on the same system.

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Mahoney also encourages dark regulation across the board, including not only dark pools but also electronic communications networks and exchanges.

FORBES: Magazine Article

Direct Edge, a New Jersey firm, said Friday its application for exchange status for its electronic communications networks was approved by the Securities and Exchange Commission.

FORBES: Birth Of A Stock Exchange