Reglo.co.uk

English

Multilateral Trading Facility (MTF)

a multilateral system, operated by an investment firm or a market operator, which brings together multiple third-party buying and selling interests in financial instruments – in the system and in accordance with non-discretionary rules – in a way that results in a contract in accordance with the provisions of Title II (ref. to MiFID Title II "Authorisation and operating conditions for investment firms")

Add your comment

Deutsch

Multilateral Trading Facility

ein von einer Wertpapierfirma oder einem Marktbetreiber betriebenes multilaterales System, das die Interessen einer Vielzahl Dritter am Kauf und Verkauf von Finanzinstrumenten innerhalb des Systems und nach nichtdiskretionären Regeln in einer Weise zusammenführt, die zu einem Vertrag gemäß den Bestimmungen des Titels II (MiFID, "ZULASSUNG VON WERTPAPIERFIRMEN UND BEDINGUNGEN FÜR DIE AUSÜBUNG DER TÄTIGKEIT") führt.

Add your comment

Spanish

Sistema de negociación multilateral

sistema multilateral, operado por una empresa de inversión o por un gestor del mercado, que permite reunir ‑dentro del sistema y según normas no discrecionales‑ los diversos intereses de compra y de venta sobre instrumentos financieros de múltiples terceros para dar lugar a contratos, de conformidad con lo dispuesto en el título II(MiFID, "CONDICIONES DE AUTORIZACIÓN Y FUNCIONAMIENTO DE LAS EMPRESAS DE INVERSIÓN").

Add your comment

French

Système multilatéral de négociation (MTF)

un système multilatéral, exploité par une entreprise d'investissement ou un opérateur de marché, qui assure la rencontre –– en son sein même et selon des règles non discrétionnaires – de multiples intérêts acheteurs et vendeurs exprimés par des tiers pour des instruments financiers, d'une manière qui aboutisse à la conclusion de contrats conformément aux dispositions du titre II (MiFID, Titre II "CONDITIONS D'AGRÉMENT ET D'EXERCICE APPLICABLES AUX ENTREPRISES D'INVESTISSEMENT").

Add your comment

Italian

Sistema multilaterale di negoziazione

sistema multilaterale gestito da un'impresa di investimento o da un gestore del mercato che consente l'incontro - al suo interno ed in base a regole non discrezionali - di interessi multipli di acquisto e di vendita di terzi relativi a strumenti finanziari, in modo da dare luogo a contratti ai sensi delle disposizioni del titolo II (MiFID, Titolo II, "CONDIZIONI PER L'AUTORIZZAZIONE E L'ESERCIZIO DELLE ATTIVITÀ APPLICABILI ALLE IMPRESE DI INVESTIMENTO")

User comments

HI-MTF operato da Hi-MTF SIM S.p.A., e' stata la prima MTF ad aver ottenuto l'autorizzazione CONSOB dal 1 Novembre 2007, data dell'entrata in vigore di MiFID. Vedi delibera CONSOB n. 16320, www.consob.it/main/documenti/bollettino2008/d16320.htm.

Posted by editor reglo on 2008-03-13 07:54:45

MAC, Mercato Alternativo del Capitale dal 1° novembre 2007, con l'entrata in vigore della MIFID, ha assunto lo status di Sistema multilaterale di negoziazione - è un sistema di scambi organizzati istituito e gestito da Borsa Italiana, www.mercatoalternativocapitale.it/IT/Page/t01/view_html

Posted by editor reglo on 2008-03-15 07:18:31

Add your comment

Dutch

Multilaterale handelsfaciliteit

een door een beleggingsonderneming of een marktexploitant geëxploiteerd multilateraal systeem dat meerdere koop‑ en verkoopintenties van derden met betrekking tot financiële instrumenten ‑ binnen dit systeem en volgens niet-discretionaire regels ‑ samenbrengt op zodanige wijze dat er een overeenkomst uit voortvloeit overeenkomstig het bepaalde in titel II, (MiFID, Titel II, "VOORWAARDEN VOOR DE VERGUNNINGVERLENING AAN EN DE BEDRIJFSUITOEFENING VAN BELEGGINGSONDERNEMINGEN").

Add your comment

Portuguese

Sistema de negociação multilateral

um sistema multilateral, operado por uma empresa de investimento ou um operador de mercado, que permite o confronto de múltiplos interesses de compra e venda de instrumentos financeiros manifestados por terceiros – dentro desse sistema e de acordo com regras não discricionárias – por forma a que tal resulte num contrato em conformidade com o disposto no Título II (MiFID, TÍTULO II, "CONDIÇÕES DE AUTORIZAÇÃO E DE EXERCÍCIO DA ACTIVIDADE APLICÁVEIS ÀS EMPRESAS DE INVESTIMENTO")

Add your comment

Miscellaneous

MTF is a MiFID definition

The operation of a Multilateral Trading Facility is one of the investment services and activities available under MiFID.

MiFID - The list of regulated markets.
Link to the official list of the European Commission, including Member States approved stocks, derivatives, fixed income, energy, commodities exchanges, secundary markets and their operating entities.

List of authorized MTFs

BGC BROKERS LP
operated by:
BGC Brokers L.P
One Churchill Place
Canary Wharf
London
E14 5RD
Tel: +44 (0)20 7894 7854
Fax: +44 (0)20 7894 7185
firm authorised by the FSA, under firm number 454814.
web page

CANTOR SPREADFAIR
operated by:
Cantor Index Limited
One Churchill Place
London
E14 5RD
Tel: +44 (0)20 7894 7700
Fax: +44 (0)20 7894 7477
firm authorised by the FSA, under firm number 194414.
web page

CHI-X
operated by:
CHI-X EUROPE LIMITED
26th Floor
25 Canada Square
London
E14 5LB
Tel: +44 (0)2071548855
Fax: +44(0)2071548680
CHI-X EUROPE LIMITED
is authorised by the FSA, under firm number 44948.
web page

CREDITEX REALTIME
CREDITEX Q-WIXX PLATFORM
operated by:
Creditex Brokerage LLP
3rd Floor
Paternoster House
65 St. Paul's Churchyard
London
EC4M 8AB
Tel: +44 (0)20 7429 3000
Fax: +44 (0)20 7429 3003
firm authorised by the FSA, under firm number 441360.
web page

EuroMTS
EUROMTS LINKERS MARKET KMTS GB
EUROBENCHMARK T-BILLS MARKET TMTS GB
EUROCREDIT MTS CMTS GB
EUROGLOBAL MTS LMTS GB
EUROMTS EMTS GB
MTS AUSTRIA MTSA GB
MTS CEDULAS MARKETS UMTS GB
MTS GREEK MARKET MTSG GB
MTS IRELAND IMTS GB
MTS ISRAEL RMTS GB
MTS QUASI-GOVT MARKET QMTS GB
MTS SLOVENIA VMTS GB
NEWEUROMTS NMTS GB
operated by:
EuroMTS Limited
4th Floor
30 Old Broad Street
London
EC2N 1HT
Tel: 44 (0)20 7786 6001
Fax: 44 (0)20 7786 6000
EuroMTS Limited
firm authorised by the FSA, under firm number 188924.
web page

Firsth North
operated by:
OMX AB
Tel: +46 8 405 60 00
web page

FXMARKETSPACE
operated by:
FxMarket Space limited
Watling House
33 Cannon Street
London
EC4M 5SB
Tel: +44 (0)20 77967167
Fax: +44 (0)20 77967181
firm authorised by the FSA, under firm number 456168.
web page

GFI CREDITMATCH
GFI ENERGYMATCH
GFI FOREXMATCH
operated by:
GFI Securities Limited
Broadgate West
1 Snowden Street
London
EC2A 2DQ

Tel: +44 (0) 20 7422 1000
Fax: +44 (0) 20 7422 1102
firm authorised by the FSA, under firm number 184801 .
web page

ICAP BROKERTEC PLATFORM
operated by:
ICAP Electronic Broking Limited
2 Broadgate
London
EC2M 7UR
Tel: +44 (0) 20 7000 5000
Fax: +44 (0) 20 7000 5975
firm authorised by the FSA, under firm number 191757.
web page

TRAYPORT PLATFORM
operated by:
ICAP Energy Limited
2 Broadgate
London
EC2M 7UR
Tel: +44 (0) 20 7000 5000
Fax: +44 (0) 20 7000 5975
firm authorised by the FSA, under firm number 161196.
web page

ISWAP platform
operated by:
ICAP Europe Limited
2 Broadgate
London
EC2M 7UR
Tel: +44 (0) 20 7000 5000
Fax: +44 (0) 20 7000 5975
firm authorised by the FSA, under firm number 188984.
web page

ETC/BROKERTEC PLATFORM
operated by:
ICAP Securities Limited
2 Broadgate
London
EC2M 7UR
Tel: +44 (0) 20 7000 5000
Fax: +44 (0) 20 7000 5975
firm authorised by the FSA, under firm number 124520.
web page

WCLK PLATFORM
operated by:
ICAP WCLK Limited
2 Broadgate
London
EC2M 7UR
Tel: +44 (0) 20 7000 5000
Fax: +44 (0) 20 7000 5975
firm authorised by the FSA, under firm number 124341.
web page

LIQUIDNET EUROPE
operated by:
Liquidnet Europe LTD.
3 Finsbury Square, 6th Floor
London EC2A 1AE
Phone: +44 (0)20 76141600
Fax: +44 (0)20 76141690
firm authorised by the FSA, under firm number 198039.
web page

See also
trading venue
Systematic internaliser
Eligible counterparty
UCITS
MTF, Multilateral Trading Facility

Add your comment