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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 {{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. | {{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 {{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. | ||
===See also=== | ===See also=== | ||
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*[[MTF]] or [[multilateral trading facility]] | *[[MTF]] or [[multilateral trading facility]] | ||
*[[Regulated market]] | *[[Regulated market]] | ||