• Chapter 9 Chapter 9 Operating Multilateral and Organised Trading Facilities

    • The activities

      • 54. Operating a Multilateral Trading Facility or Organised Trading Facility

        The operation of a Multilateral Trading Facility or Organised Trading Facility on which Financial Instruments are traded is a specified kind of activity.

    • Exclusion

      • 55. Order Routing

        A person does not Operate a Multilateral Trading Facility or Organised Trading Facility if it operates a facility which is merely an order routing system where Buying and Selling interests in, or orders for, Financial Instruments are merely transmitted but do not interact.