redistributor agent

The institution that receives and redistributes certain business information, e.g. quote or order details, or facilitating trading. It may add or modify the information if necessary. Examples include: Alternative Trading Systems ( ATS)- mechanisms whereby the direct trading of stocks can occur without the presence of brokers or other intermediaries, or Electronic Communications Networks ( ECN) electronic stock markets anonymously matching buy and sell orders. Euroclear Clearing and Settlement glossary