Trading Facility

This Issue in United States

Concept of Trading Facility in Futures Trading

In this context of financial law, the following is a definition of Trading Facility: In general, a person or group of persons that provides a physical or electronic facility or system in which multiple participants have the ability to execute or trade agreements, contracts, or transactions by accepting bids and offers made by other participants in the facility or system or through the interaction of multiple bids or multiple offers within a system with a pre-determined non-discretionary automated trade matching and execution algorithm. See Many-to-Many. See 7 USC 1a(51).