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multilateral trading facility

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2007-11-01
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multilateral trading facility

44a multilateral system, operated by an investment firm or a market operator, which brings together multiple third-party buying and selling interests in financial instruments - in the system and in accordance with non-discretionary rules - in a way that results in a contract in accordance with the provisions of Title II of MiFID.

[Note: article 4(1)(15) of MiFID]

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