Venue
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MiFID 2 Anatomy™
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A place, in rock ’n’ roll, where one goes to gigs where they might play pop songs. In securities and derivatives brokerage, it is a place where willing partipants can buy and sell their financial instruments. This might be a regulated market, a stock exchange, a futures exchange, a multilateral trading facility, systematic internaliser, an organised trading facility, a dark pool and so on.
A place where two can tango, so to speak.
In MiFID 2 a trading venue is one of a regulated market, an organised trading facility or a multilateral trading facility — that is, a venue that is regulated and authorised under MiFID 2.