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Quantitative Finance · Glossário

O que é Regulated market and organised trading facility?

Também chamado de: regulated market · organised trading facility

Definition 11.1 Markets I: The Ecosystem and Exchange-Traded Markets · Capítulo 11 — European Equity Market Structure

A regulated market is a multilateral system, operated by a market operator, that brings together multiple third-party buying and selling interests under non-discretionary rules and admits instruments to trading: the European legal form of an exchange. An organised trading facility (OTF) is a multilateral system whose operator may exercise discretion in matching; it exists for bonds and derivatives and may not trade shares.

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