alternative trading system (ALT): A trading system designed for large investors and professional traders, which permits alternative means for accessing liquidity. The system is approved by the SEC (Securities Exchange Commission) as a non-trading venue and is not regulated as an exchange. Large investors and institutions use the system to The Establishment of Alternative Trading System in Korea: Issues & Considerations Ⅱ. ATS (Alternative Trading System) 1. Definition and Recent Trend ATS involves many different types of the securities markets. An ATS is a trading system where brokers, dealers, and invest-ment banks participate to use as an electronic trading. The Concepts of Marketplace and Alternative Trading System Part 1 of the Instrument sets out a definition of “marketplace”. A marketplace is defined as an exchange, a quotation and trade reporting system and any other person or company that (a) constitutes, maintains or provides a market or facilities for contrast, a system where multiple participants (e.g. market-makers) act as counterparties to the orders entered through the system would be regarded as multilateral. A “system” for the purposes of the definition includes all electronic and non-electronic parts of a system operated by, or on behalf of, the operator. Non-electronic parts of a Alternative trading systems are useful for inter-market trading, as stocks listed on another exchange, such as the New York Stock Exchange (NYSE) or Nasdaq, can be traded on electronic communication networks. The costs associated with trading on an alternative trading system tend to be lower, as trades are executed electronically.
242.300 Definitions. For purposes of this section, the fol- lowing definitions shall apply: (a) Alternative trading system means any organization, association
The Concepts of Marketplace and Alternative Trading System Part 1 of the Instrument sets out a definition of “marketplace”. A marketplace is defined as an exchange, a quotation and trade reporting system and any other person or company that (a) constitutes, maintains or provides a market or facilities for contrast, a system where multiple participants (e.g. market-makers) act as counterparties to the orders entered through the system would be regarded as multilateral. A “system” for the purposes of the definition includes all electronic and non-electronic parts of a system operated by, or on behalf of, the operator. Non-electronic parts of a Alternative trading systems are useful for inter-market trading, as stocks listed on another exchange, such as the New York Stock Exchange (NYSE) or Nasdaq, can be traded on electronic communication networks. The costs associated with trading on an alternative trading system tend to be lower, as trades are executed electronically. The term is currently used for: bulletin boards, automated trade matching systems, electronic communication networks, proprietary trading systems (broker-run ATSs) as well as for broker-to-client automated linkages. A clear understanding of the defining characteristics of an ATS is therefore essential. 10. Jul 01, 2018 · Definition Of Alternative Trading System YOUR LEVEL OF SUCCESS IN ATTAINING THE RESULTS CLAIMED IN THIS Definition Of Alternative Trading SystemPAGE DEPENDS ON THE TIME YOU DEVOTE TO THE IDEAS AND TECHNIQUES MENTIONED, YOUR FINANCES, KNOWLEDGE AND VARIOUS SKILLS. SINCE THESE Alternative trading systems shall report information required to be recorded under this Rule to FINRA on the next business day following the date the alternative trading system accepted the order or executed the trade, or at such other time period as FINRA shall specify. (2) Method of Transmitting Data
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See full list on ec.europa.eu An alternative trading system (ATS) is one that is not regulated as an exchange but is a venue to match the buy and sell orders of its subscribers. Basics of an Alternative Trading System (ATS) ATS Alternative trading system ( ATS) is a US and Canadian regulatory term for a non-exchange trading venue that matches buyers and sellers to find counterparties for transactions. Alternative trading systems are typically regulated as broker-dealers rather than as exchanges (although an alternative trading system can apply to be regulated as a securities exchange). An alternative trading system (ATS) is a non-exchange trading venue that matches buyers and sellers for transactions. Contrary to traditional stock exchanges, it's regulated as a broker-dealer instead of an exchange. An alternative trading system (ATS) is a non-exchange trading platform that is approved by the Securities and Exchange Commission (SEC). Buy and sell orders are matched on this trading platform to find counterparties ready to engage in trade. Investors or traders can subscribe to ATS so as to get their orders matched. Alternative Trading System Law and Legal Definition According to 7 USCS § 1a (1), the term alternative trading system means “an organization, association, or group of persons that-- (A) is registered as a broker or dealer pursuant to section 15 (b) of the Securities Exchange Act of 1934 [15 USCS 78o (b)];
(k) NMS Stock ATS means an alternative trading system, as defined in paragraph (a) of this section, that trades NMS stocks, as defined in paragraph (g) of this
Also, the regulators are in the midst of expanding their definition of best execution , from simply meaning the best price for a trade to include factors that may affect 9 Dec 2015 Nasdaq will acquire Chi-X Canada, an alternative trading system for Toronto Stock Exchange and TSX Venture Exchange securities, from 4 Jan 2016 As a general matter, the proposed changes to Regulation ATS (“Reg qualifies for the exemption from the definition of “exchange” pursuant to 11 Apr 2013 Rule 300(a) of the SEC's Regulation ATS provides the following legal definition of an “alternative trading system”: Any organization, association
Jul 01, 2018
Jul 01, 2018 · Definition Of Alternative Trading System YOUR LEVEL OF SUCCESS IN ATTAINING THE RESULTS CLAIMED IN THIS Definition Of Alternative Trading SystemPAGE DEPENDS ON THE TIME YOU DEVOTE TO THE IDEAS AND TECHNIQUES MENTIONED, YOUR FINANCES, KNOWLEDGE AND VARIOUS SKILLS. SINCE THESE Alternative trading systems shall report information required to be recorded under this Rule to FINRA on the next business day following the date the alternative trading system accepted the order or executed the trade, or at such other time period as FINRA shall specify. (2) Method of Transmitting Data a trading network, like a securities exchange, that matches buy and sell orders of its members, usually institutional traders that trade in large quantities. Alternative trading systems are typically registered with the SEC as broker-dealers, and when they transact in municipal securities, they must observe the MSRB’s recordkeeping requirements. Nov 26, 2019 · Alternative Trading Systems Nov. 26, 2019 Responses to Frequently Asked Questions Concerning Rule 301(b)(5) under Regulation ATS “Fair Access Rule” An alternative trading organization (ATO) is usually a non-governmental organization (NGO) or mission-driven business aligned with the Fair trade movement, aiming "to contribute to the alleviation of poverty in developing regions of the world by establishing a system of trade that allows marginalized producers in developing regions to gain access to developed markets".