Trading Platform. The operation of a trading platform, i.e. organising a market (irrespective of whether buy-side and sell-side interests are brought together on a bilateral or multilateral basis), establishes a single Customer Category (“Trading Platform”). In particular, this includes operating an exchange, a multilateral trading facility (“MTF”), an organized trading facility (“OTF”) or comparable alternative trading system, performing systematic internalization (“SI”) as well as the offering of so-called broker crossing networks, multi-dealer platforms or dark pools. For the avoidance of doubt, the operation of a Trading Platform according to third country provisions (e.g. based on the US Regulation NMS or Regulation ATS) is also subject to this provision. Non- Display Licence Fees are charged on a per Information Product basis according to the total number of Devices which have access to Information. Whenever a Device has the possibility to access Information simultaneously for the Customer Category “Trading Platform”, each possible access shall be counted as a Device. The following Customer Categories are relevant for other activities:
Appears in 7 contracts
Samples: Non Display Agreement, Market Data Dissemination Agreement, Non Display Agreement
