Systematic Internalizer definition

Systematic Internalizer means an investment firm which, on an organized, frequent, systematic and substantial basis, deals on own account when executing Orders outside a Regulated Market, an MTF or an OTF without operating a multilateral system.
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Systematic Internalizer means an investment firm which, on an organized, frequent systematic and substantial basis, deals on own account when executing client orders outside a Regulated Market, an MTF or an OTF without operating a multilateral system. The frequent and systematic basis shall be measured by the number of OTC trades in the financial instrument carried out by the investment firm on own account when executing client orders. The sub- stantial basis shall be measured either by the size of the OTC trading carried out by the investment firm in relation to the total trading of the investment firm in a specific financial instrument or by the size of the OTC trading carried out by the investment firm in relation to the total trading in the Union in a specific financial instrument. The definition of a systematic internaliser shall apply only where the pre-set limits for a frequent and systematic basis and for a substan- tial basis are both crossed or where an investment firm chooses to opt-in under the systematic internaliser regime.
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Systematic Internalizer means an investment firm which, on an organized, frequent and systematic basis, deals on own account to provide for the possibility for transactions on each trading day by executing client orders outside a regulated market or a multilateral trading facilities;
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Examples of Systematic Internalizer in a sentence

  • An Execution Venue may include a regulated market (RM), a multilateral trading facility(MTF), an Organized Trading Facility (OTF), a Systematic Internalizer (SI) or a market maker or other liquidity provider or an entity that performs a similar function in a third country to the functions performed by any of the foregoing.

  • The fractional share component of an order will be executed bilateral with the Systematic Internalizer as counterparty and will be executed by the market price at that moment.

  • Management Team Mr. Suresh Khanna Founder Chairman❑ Over 35 years experience in the pharmaceuticals industry ❑ Set-up one of the largest contract manufacturing company in India and catering to customers like GSK Pharma, GSK Consumer,Novartis, J&J, Pfizer, Wyeth, etc…..

  • The market can be in this case a Regulated Market, MTF and or Systematic Internalizer.

  • The best possible result is not limited to execution price but also includes cost, speed, likelihood of execution and likelihood of settlement and any other factors deemed relevant.• Systematic Internalizer.

  • The Operating Partnership’s investment in the Trusts was not a variable interest because equity interests are variable interests only to the extent that the investment is considered to be at risk, and therefore the Operating Partnership cannot be the primary beneficiary of the Trusts.Since the Company was not the primary beneficiary of the Trusts, they were not consolidated.

  • Telework—Telework is work performed by an employee at an alternative worksite, which reduces or eliminates the employee’s commute or travel to the agency worksite.

  • It also includes the Systematic Internalizer of the intermediary ITG.

  • ANNEX I EXECUTION VENUES: CM CAPITAL MARKETS BOLSA, SV.,S.A. EQUITY AND EQUITY-LIKE INSTRUMENTS RETAIL INVESTORS CountryExecution venue * The main European Trading Venues and alternative MTF are included: Bats Europe, Tourquoise Additionally, the Citi's Systematic Internalizer is also included.

  • This place can be the volume market, a regulated market, a MTF, a Systematic Internalizer (SI) or the Broker could even execute the order OTC.


More Definitions of Systematic Internalizer

Systematic Internalizer means a securities dealer which, on an organized, frequent and systematic basis, deals on own account by executing client orders outside a regulated market or a multilateral trading facility. Provision of a separate legal provision58hf) shall be used to determine whether the securities dealer is a systematic internaliser.
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Systematic Internalizer means an investment firm which, on an organized, frequent and systematic basis, deals on own account to provide for the possibility for transactions by executing client orders outside a regulated market, a multilateral trading facility and organized trading facility without operating a multilateral system;
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Systematic Internalizer means an investment firm which, on an organized, frequent and systematic basis, deals on own account by executing client orders outside a regulated market or an MTF. The EAC Act should treat systematic internalizers as mini-exchanges, hence, they will be subject to pre-trade and post-trade transparency requirements.
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Systematic Internalizer means an investment firm which, on an organized, frequent and systematic basis, deals on own account to provide for the possibility for transactions on each
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Related to Systematic Internalizer

  • systematic internaliser means an investment firm which, on an organised, frequent and systematic basis, deals on own account by executing client orders outside a regulated market or an MTF;

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