Alternative trading systems sec

For technical questions regarding the Web site, send an e-mail message to webmaster sec. Inthe Commission adopted Regulation ATS, which established a new regulatory framework designed to encourage market innovation, while ensuring basic investor protections. The ECN will then automatically match orders for execution. The alternative trading system shall not charge any fee to broker-dealers that access the alternative trading system through a national securities exchange or national securities associationthat is inconsistent with equivalent access to the alternative trading system required by paragraph b 3 iii of this section. For larger dark pools, that wouldn't provide enough pressure to close, but it could impact those ATS that already are struggling and could definitely inhibit new ones from starting up. Commission's regulatory framework in light of the important.

Alternative trading systems sec trading system ATS is a US and Canadian regulatory term for a non-exchange trading venue that matches buyers and sellers to find counterparties for transactions. Alternative trading systems are typically systes as broker-dealers rather than as exchanges although an alternative trading system can apply to be regulated as a securities systejs.

In general, for regulatory purposes an alternative trading system is an organization or system that provides or maintains a market place or facilities for bringing together purchasers and sellers of securities, but does not set rules for subscribers other than rules for the conduct of subscribers trading on the system. An ATS must be approved by the United States Securities and Exchange Commission SEC and is an alternative to a traditional stock exchange.

These venues play an important role in public markets for allowing alternative trading systems sec means alternxtive accessing liquidity. They can be used for trading large blocks of shares away from the normal exchange, a practice that could otherwise skew the market price in a particular direction, depending on a security's market capitalization and trading volume. ATSs are generally electronic but don't have to be. ATSs can be distinguished from alternagive communication networks ECNswhich are a "fully electronic subset of ATSs that automatically and anonymously match orders".

Specifically, it requires that an alternative trading system comply with the reporting and record keeping alternatvie Rule b 5 ii of Reg ATS, if during at least 4 of the preceding 6 calendar months, such ststems trading system had:. From Wikipedia, the free encyclopedia. List of stock exchanges. Capital asset pricing model. Not logged in Talk Contributions Create account Log in. Main page Contents Featured content Current events Random article Tradkng to Wikipedia Wikipedia store. Help About Wikipedia Shstems portal Recent changes Contact page.

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Alternative trading system (ATS) is a US and Canadian regulatory term for a non-exchange trading venue that matches buyers and sellers to find counterparties for. A trading system that is not regulated as an exchange, but is a venue for matching the buy and sell orders of its subscribers. Alternative trading systems are gaining. (a)Scope of section. An alternative trading system shall comply with the requirements in paragraph (b) of this section, unless such alternative trading system: (1) Is.

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