multilateral trading facility
- multilateral trading facility
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For the purposes of the Markets in Financial Instruments Directive, a 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.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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