ONTOLOGY EXPLORER

organised trading facility

<https://spec.edmcouncil.org/fibo/ontology/FBC/FunctionalEntities/Markets/OrganizedTradingFacility>

プロパティと値

プロパティ	値
type	Class
label	"organised trading facility"@en-gb
label	"organized trading facility"@en-us
seeAlso	organised-trading-facilities-how-they-differ-from-mtfs
subClassOf	AlternativeTradingSystem
subClassOf	_:c14n1316
subClassOf	_:c14n179
subClassOf	_:c14n770
definition	"multi-lateral system which is not an RM or an MTF and in which multiple third-party buying and selling interests in bonds, structured finance products, emission allowances or derivatives are able to interact in the system in a way that results in a contract in accordance with the provisions of Title II of MiFID II"
abbreviation	"OTF"
adaptedFrom	"http://www.marketswiki.com/mwiki/Organized_Trading_Facility"
adaptedFrom	"https://www.iso20022.org/sites/default/files/2021-12/ISO10383_MIC_Release_2_0_Factsheet.pdf"
explanatoryNote	"OTFs were introduced by the European Commission as part of MiFID II and are focused on non-equities such as derivatives and cash bond markets.\n\nOTFs are intended to be similar in scope to a swap execution facility (SEF), a type of entity created by the Dodd-Frank Act in the U.S. The goal of SEFs and OTFs is to bring transparency and structure to OTC derivatives trading."
explanatoryNote	"Unlike RMs and MTFs, operators of OTFs will have discretion as to how to execute orders, subject to pre-transparency and best execution obligations."