ERM Glossary: Organised trading facility
(OTF)
[this page | pdf | back links]
An organised trading facility is
any facility or system that is designed to bring together buyers and sellers of
financial instruments. No rules were introduced on such facilities by the
original MIFID
directive, but at the time of writing (early 2012) MIFID II is planning to
regulate such facilities in much the same way as Multilateral trading
facilities.
OTFs are similar in scope to swap
execution facilities (SEFs) created by the Dodd-Frank Act in the USA, with the
aim of bringing greater transparency and structure to the OTC derivative
market.
NAVIGATION LINKS
Contents | Prev | Next