Central Limit Order Book and MIF: Difference between pages

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imported>Doug Williamson
(Make quote marks single & link with Derivatives page.)
 
imported>Doug Williamson
(Links ordering.)
 
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(CLOB).
Multilateral Interchange Fee.


Most markets for shares (stock) and futures use 'order-driven' approaches. In such markets, would-be buyers and sellers submit orders to a central limit order book listing all outstanding buy and sell orders. Trade execution takes place if a new order can be matched against an existing order in the book. If not, the order enters the list and waits for a new offsetting would-be trade to arrive.  
A fee on payment card transactions, based on the value of the transaction.


Following [[G20]] agreement to seek to move much of derivative trading away from over the counter ([[OTC]]) trading in request for quote (RFQ) systems to more transparent models it is expected that, over time, much derivative trading will move to CLOB systems. As with other markets, RFQ approaches are likely remain, especially for less liquid trades.




==See also==
== See also ==
* [[Ad valorem]]
* [[Credit]]
* [[Credit card]]
* [[Debit card]]
* [[PSR]]


* [[Swap execution facility]]
* [[Derivative]]
* Trading models and liquidity provision in OTC derivatives markets, Bank of England Quarterly Bulletin, Q4 2011, [[http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/qb110404.pdf]]


[[Category:Manage_risks]]
===Other links===
[[Category:Financial_products_and_markets]]
 
[https://www.treasurers.org/ACTmedia/ACT_response_PSR_CFI%2015_1_Card_Payment_Systems_0.pdf ACT's response to Payment Systems Regulator about card payment systems, July 2015]

Revision as of 14:35, 17 May 2019

Multilateral Interchange Fee.

A fee on payment card transactions, based on the value of the transaction.


See also


Other links

ACT's response to Payment Systems Regulator about card payment systems, July 2015

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