Exchange Systems definition

Exchange Systems refers to any pre-trade, trade or post-trade systems, including QUEST, operated by the Exchange in connection with the Markets.
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Exchange Systems means the electronic systems operated by the Exchange for providing access to the services for the listing and trading of Listed Securities and trading of Other Traded Securities on the Exchange.
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Exchange Systems means: (i) the electronic systems operated by the Exchange for providing access to the services for the listing and trading of securities listed on the Exchange and trading of securities listed by an exchange other than the Exchange that are traded (but not listed) on the Exchange; (ii) the functional environment set up for testing purposes by the Exchange which will act in accordance with the Operational Materials, as the case may be; and (iii) any Data Systems.
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Examples of Exchange Systems in a sentence

  • All warranties and conditions, both express and implied as to condition, description, quality, performance, durability, or fitness for the purpose or otherwise of any of the Exchange Systems or any component thereof are excluded except as required by law.

  • The Exchange does not warrant or forecast that the Exchange Systems, any component thereof or any services performed in respect thereof will meet the requirements of any user, or that operation of the Exchange Systems will be uninterrupted or error-free, or that any services performed in respect of the Exchange Systems will be uninterrupted or error-free.

  • Member will implement security systems and policies and take all other reasonable security precautions to prevent unauthorized use of the Services or access to or use of the Exchange Systems, including unauthorized entry of information into the Exchange Systems, or the information and data made available thereby.

  • Member’s license to use the Services and to access and use the Exchange Systems during the term of this Member Agreement is personal, non-exclusive and non-transferable.

  • Member hereby agrees that any use of the Services or access or use of the Exchange Systems by Member after the expiration of the notice period shall be deemed acceptance by Member of the amendment.

  • Member shall be responsible for maintaining all required records relating to trades and other transactions sent and received by it on the Exchange Systems.

  • The Exchange shall not be responsible for or otherwise guarantee any trade or other transaction effected by Member through the Exchange Systems.

  • Member will be solely responsible for any and all telecommunications costs and all other expenses incurred in linking to, and maintaining its link to, the Exchange Systems.

  • The Exchange shall not be, directly or indirectly, a party to any trade or other transaction posted to or consummated on the Exchange Systems.

  • If Member chooses to seek to directly connect to the Exchange Systems, a separate connectivity services agreement will be required.


More Definitions of Exchange Systems

Exchange Systems has the meaning set out in the Trading Policies.
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Exchange Systems are the means and related mechanisms of Participants that perform such functions as message validation, processing, logging, routing and execution (including electronic and automatic execution) of Linkage Orders, and related confirmations.
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Related to Exchange Systems

  • Exchange Service means Telephone Exchange Service as defined in the Act.

  • Interexchange Service means telecommunications service between stations in different exchange areas. Modification of Final Judgment, § IV(K), reprinted in United States v. Am. Tel. & Tel. Co., 552 F. Supp. 131, 229 (D.D.C. 1982) (defining "interexchange telecommunications" as "telecommunications between a point or points located in one exchange telecommunications area and a point or points located in one or more other exchange areas or a point outside an exchange area").

  • Local exchange service means local switched telecommunications service within any local exchange service area approved by the state corporation commission, regardless of the medium by which the local telecommunications service is provided. The term local exchange service shall not include wireless communication services.

  • Private Exchange Securities shall have the meaning set forth in Section 2(a) hereof.

  • Exchange Securities shall have the meaning assigned thereto in Section 2(a) hereof.

  • Basic local exchange service or "local exchange service" means the provision of an access line and usage within a local calling area for the transmission of high-quality 2-way interactive switched voice or data communication.

  • Telephone Exchange Service means a service within a telephone exchange, or within a connected system of telephone exchanges within the same exchange area operated to furnish to End User Customers intercommunicating service of the character ordinarily furnished by a single exchange, and which is covered by the Exchange Service charge, or comparable service provided through a system of Switches, transmission equipment or other facilities (or combinations thereof) by which a subscriber can originate and terminate a Telecommunications Service.

  • Exchange Security or a "Registrable Security" shall include a reference to the related Guarantee.

  • Exchange Area means an area, defined by the Commission, for which a distinct local rate schedule is in effect.

  • Exchange Shares has the meaning set forth in Section 2.01(b).

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • Private Exchange Notes See Section 2(b) hereof.

  • Personal Securities Transactions means any transaction in a Security pursuant to which an Access Person would have a Beneficial Ownership interest with the exception of obligations of the U.S. Government, bankers’ acceptances, bank certificates of deposit, money market fund shares, commercial paper, high quality short-term debt instruments and registered open-end investment companies, none of which are funds advised or sub-advised by the Firm.

  • Personal Securities Transaction means any transaction in a Covered Security in which an Access Person has a direct or indirect Pecuniary Interest.

  • Eligible next Michigan business means that term as defined in section 3 of the Michigan economic growth authority act, 1995 PA 24, MCL 207.803.

  • Exchange Message Interface or "EMI" means the format used for exchange of Telecommunications message information among Telecommunications Carriers. It is referenced in the Alliance for Telecommunications Industry Solutions (ATIS) document that defines industry guidelines for the exchange of message records.

  • Integrated Digital Loop Carrier means a subscriber loop carrier system that is twenty-four (24) local Loop transmission paths combined into a 1.544 Mbps digital signal which integrates within the switch at a DS1 level.

  • Permitted Debt Exchange Notes shall have the meaning provided in Section 2.15(a).

  • Qualified Initial Public Offering means a firm underwritten offering of the Company pursuant to a registration statement under the Securities Act (i) of common Capital Stock having an aggregate gross offering price of at least $50,000,000 and (ii) reasonably expected to result in more than 100 holders of record of Voting Stock of the Company (exclusive of holdings of Affiliates and employees of the Company).

  • Automated data acquisition and handling system or "DAHS" means that component of the continuous emission monitoring system, or other emissions monitoring system approved for use under section 11 of this rule, designed to interpret and convert individual output signals from pollutant concentration monitors, flow monitors, diluent gas monitors, and other component parts of the monitoring system to produce a continuous record of the measured parameters in the measurement units required by section 11 of this rule.

  • Private Exchange means the offer by the Company, pursuant to a Registration Rights Agreement, to the Initial Purchasers to issue and deliver to each Initial Purchaser, in exchange for the Initial Securities held by the Initial Purchaser as part of its initial distribution, a like aggregate principal amount of Private Exchange Securities.

  • Exchange Access means as defined in the Act.

  • Competitive Local Exchange Carrier (CLEC) means a telephone company certificated by the Commission to provide local Exchange Service within AT&T-21STATE’s franchised area.

  • Local Interconnection Trunks/Trunk Groups means the trunks that are used for the termination of Local Exchange Traffic, pursuant to iconectiv Technical Reference GR 317-CORE.

  • Private Placement Shares shall have the meaning given in the Recitals hereto.

  • Dynamic Purchasing System means a completely electronic process for making commonly used purchases of items generally available on the market;