Trading venues · Question 9 of 12
Which types of trading venue does European securities law distinguish?
3 answers are correct. Medium
Show answer
Answer
- A Regulated market
- D Multilateral trading facility (MTF)
- E Organised trading facility (OTF)
Explanation
The European markets directive MiFID II recognises the regulated market, the multilateral trading facility and the organised trading facility as trading venues. In addition, there are systematic internalisers, which execute orders on their own account but do not count as trading venues. The open market (Freiverkehr) of a German exchange is legally an MTF.