Alternative trading system sec

Alternative trading system - Wikipedia

 

alternative trading system sec

A list of Fixed Income Alternative Trading Systems (ATSs) that currently have a Form ATS on file with the SEC. Equity ATS Firms A list of Equity Alternative Trading Systems (ATSs) that appear in the OTC Transparency data that either currently have a Form ATS on file with the SEC or did at one time. Every alternative trading system subject to this Regulation ATS, pursuant to paragraph (a) of this section, shall comply with the requirements in this paragraph (b). (1) Broker-dealer registration. The alternative trading system shall register as a broker-dealer under section 15 of the Act, (15 U.S.C. 79 rows · Alternative Trading System ("ATS") List. An ATS is a trading system that meets the definition of “exchange” under federal securities laws but is not required to register as a national securities exchange if the ATS operates under the exemption provided under Exchange Act Rule 3a (a). To operate under this exemption.


ECNs/Alternative Trading Systems


An alternative trading system shall comply with the requirements in paragraph b of this section, unless such alternative trading system: 1 Is registered as an exchange under section 6 of the Act, 15 U.

The Commission will grant such exemption only after determining that such an order is consistent with the public interest, alternative trading system sec, the protection of investors, alternative trading system sec, and the removal of impediments to, and perfection of the mechanisms of, a national market system. Every alternative trading system subject to this Regulation ATS, pursuant to paragraph a of this section, shall comply with the requirements in this paragraph b.

The alternative trading system shall register as a broker-dealer under section 15 of the Act, 15 U. Duplicates of the reports required by paragraph b 9 of alternative trading system sec section shall be provided to surveillance personnel of such self-regulatory authority upon request. All reports filed pursuant to this paragraph b 2 and paragraph b 9 of this section shall be deemed confidential when filed. 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.

In addition, if the national securities exchange or national securities association to which an alternative trading system provides the prices and sizes of orders under paragraphs b 3 ii and b 3 iii of this section establishes rules designed to assure consistency with standards for access to quotations displayed on such national securities exchange, or the market operated by such national securities associationthe alternative trading system shall not charge any fee to members that is contrary to, that is not disclosed in the manner required by, or that is inconsistent with any standard of equivalent access established by such rules.

The alternative trading system shall permit the examination and inspection of its premises, systems, and records, and cooperate with alternative trading system sec examination, inspection, or investigation of subscribers, whether such examination is being conducted by the Commission or by a self-regulatory organization of which such subscriber is a member, alternative trading system sec.

Such written safeguards and written procedures shall include: A Limiting access to the confidential trading information of subscribers to those employees of the alternative trading system who are operating the system or responsible for its compliance with these or any alternative trading system sec applicable rules; B Implementing standards controlling employees of the alternative trading system trading for their own accounts; and ii The alternative trading system shall adopt and implement adequate written oversight procedures to ensure that the written safeguards and procedures established pursuant to paragraph b 10 i of this section are followed, alternative trading system sec.

 

Federal Register :: Regulation of NMS Stock Alternative Trading Systems

 

alternative trading system sec

 

Alternative Trading Systems (ATSs) are SEC-regulated electronic trading systems that match orders for buyers and sellers of securities. An ATS is not a national securities exchange. However, an ATS may apply to the SEC to become a national securities exchange. Operator of Alternative Trading System. Members of the Board of Directors. Copy of any agreement executed or license granted pertaining to the operation of the System and to the product/s proposed to be traded, which includes, but is not limited to, clearing and settlement agreement and custodianship contract with a registry institution. 79 rows · Alternative Trading System ("ATS") List. An ATS is a trading system that meets the definition of “exchange” under federal securities laws but is not required to register as a national securities exchange if the ATS operates under the exemption provided under Exchange Act Rule 3a (a). To operate under this exemption.