Trading Facility

What is Trading Facility?

Trading Facility meaning In general, a person or group of persons that provides a physical or electronic facility or system in which multiple participants have the ability to execute or trade agreements, contracts, or transactions by accepting bids and offers made by other participants in the facility or system or through the interaction of multiple bids or multiple offers within a system with a pre-determined non-discretionary automated trade matching and execution algorithm. See Many-to-Many. See 7 USC 1a(51).

 

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary

Tags: