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{{a|cobs|}}Broadly, a [[stock exchange]], [[futures exchange]], or any other organised [[venue]] which brings together bids and offers in certain types of [[securities]] and doesn’t look like an [[over-the-counter]] transaction. In the | {{a|cobs|}}Broadly, a [[stock exchange]], [[futures exchange]], or any other organised [[venue]] which brings together bids and offers in certain types of [[securities]] and doesn’t look like an [[over-the-counter]] transaction. In the [[EU]] parlance ([[MiFID]] and all that kind of jazz) called a [[Regulated Market]], and usually contrasted with a [[systematic internaliser]] (where a [[broker]] matches buys and sells on an [[OTC]] basis in its own order book). The question is whether a dark pool, a kind of [[multilateral trading facility]] counts as an exchange. | ||
===See also=== | ===See also=== | ||
Latest revision as of 13:30, 14 August 2024
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The JC’s Reg and Leg resource™
UK Edition
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Broadly, a stock exchange, futures exchange, or any other organised venue which brings together bids and offers in certain types of securities and doesn’t look like an over-the-counter transaction. In the EU parlance (MiFID and all that kind of jazz) called a Regulated Market, and usually contrasted with a systematic internaliser (where a broker matches buys and sells on an OTC basis in its own order book). The question is whether a dark pool, a kind of multilateral trading facility counts as an exchange.