Exchange: Difference between revisions

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 {{tag|EU}} parlance ({{tag|MiFID}} and all that kind of jazz) called a {{tag|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.