glossary of useful terms linked to markets in financial instruments in alphabetical order access requirements rules governing the decision of an operator of a financial market infrastructure such as a ...
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...Glossary of useful terms linked to markets in financial instruments alphabetical order access requirements rules governing the decision an operator a market infrastructure such as stock exchange or clearing house allow third parties do business on through their systems admission trading for instrument be traded organised way notably venue algorithm is set defined instructions making calculation they can used automate instance with regards algorithmic done using computer programmes applying algorithms which determine various aspects including price and quantity orders most time placing them without human intervention appropriateness test requirement firm take necessary steps ascertain whether product service suited needs client approved publication arrangement system that requires firms apa executing transactions publish trade reports body ensures timely secure consolidation data see section review directive reporting mechanism platform arm behalf this also via multi lateral facility re...