Broker crossing network: Difference between revisions
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imported>Doug Williamson (Create the page. Source: EC Europa Glossary: http://ec.europa.eu/internal_market/securities/docs/glossary_en.pdf) |
imported>Doug Williamson (Note covered by MAR.) |
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A system operated by an investment firm which matches client | ''Market Abuse Regulation''. | ||
A broker crossing network is a system operated by an investment firm which matches client orders internally. | |||
Some systems match client orders only with other client orders. | Some of these systems match client orders only with other client orders. | ||
Others, depending on the client instructions or permission, may also provide matching between client orders and in-house orders of the investment firm itself. | Others, depending on the client's instructions or permission, may also provide matching between client orders and in-house orders of the investment firm itself. | ||
Broker crossing networks do not show an order book. | Broker crossing networks do not show an order book. | ||
Broker crossing networks are organised trading facilities governed by the Market Abuse Regulation (MAR). | |||
== See also == | == See also == | ||
*[[Dark pool]] | *[[Dark pool]] | ||
*[[Market Abuse Regulation]] | |||
*[[MiFID]] | |||
*[[Multilateral trading facility]] | |||
*[[Organised trading facility]] | |||
*[[Regulated market]] | |||
*[[Systematic internaliser]] | *[[Systematic internaliser]] | ||
[[Category: | [[Category:Corporate_finance]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
[[Category: | [[Category:Manage_risks]] | ||
Latest revision as of 16:54, 4 August 2018
Market Abuse Regulation.
A broker crossing network is a system operated by an investment firm which matches client orders internally.
Some of these systems match client orders only with other client orders.
Others, depending on the client's instructions or permission, may also provide matching between client orders and in-house orders of the investment firm itself.
Broker crossing networks do not show an order book.
Broker crossing networks are organised trading facilities governed by the Market Abuse Regulation (MAR).
