Trading facilities: Difference between revisions
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a multilateral system, operated by an investment firm or a market operator, which brings together multiple third-party buying and selling interests in financial instruments - in the system and in accordance with non-discretionary rules - in a way that results in a contract in accordance with the provisions of Title II of MiFID. | Also known as an [[MTF]], defined in the {{tag|FCA}} handbook [http://fshandbook.info/FS/glossary-html/handbook/Glossary/M?definition=G2354 thus]: | ||
{{quote|a multilateral system, operated by an {{fcaprov|investment firm}} or a market operator, which brings together multiple third-party buying and selling interests in financial instruments - in the system and in accordance with non-discretionary rules - in a way that results in a contract in accordance with the provisions of Title II of {{tag|MiFID}}. }} | |||
Compare and contrast with {{cobsprov|regulated market}} | Compare and contrast with {{cobsprov|regulated market}} | ||
{{cobsanatomy}} | {{cobsanatomy}} | ||
Revision as of 10:06, 25 February 2015
Also known as an MTF, defined in the FCA handbook thus:
a multilateral system, operated by an investment firm or a market operator, which brings together multiple third-party buying and selling interests in financial instruments - in the system and in accordance with non-discretionary rules - in a way that results in a contract in accordance with the provisions of Title II of MiFID.
Compare and contrast with regulated market
Conduct of Business
This is an article about the FCA’s conduct of business rules, known by its chapter in the FCA Sourcebook, COBS, which implement, among other things, MiFID (directive 2004/39/EC (EUR Lex) and implementing directive 2006/73/EC (EUR Lex)).