Примери за използване на Systematic internaliser на Английски и техните преводи на Български
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Colloquial
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Official
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Medicine
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Ecclesiastic
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Ecclesiastic
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Computer
Such other information as the systematic internaliser decides to make available.
Criteria for determining whether an investment firm is a systematic internaliser.
Every systematic internaliser in respect of a share admitted to trading on a regulated market;
The code for the trading venue the transaction was executed on, orwhere the transaction was executed via a systematic internaliser the code‘SI' or otherwise the code‘OTC';
The option for trades to be done on a systematic internaliser is without prejudice to the systematic internaliser regime laid down in this Regulation.
The transactions are carried out outside the systems habitually used by the firm concerned for any business that it carries out in the capacity of a systematic internaliser.
An OTF shall not connect with a systematic internaliser in a way which enables orders in an OTF and orders or quotes in asystematic internaliser to interact.
The OTF operator or any entity that is part of the same group or legal person as the investment firm ormarket operator should not act as systematic internaliser in the OTF operated by it.
A regulated market,MTF or systematic internaliser acting in its capacity as such, and, where appropriate, a system outside the EU 40 with similar functions to a regulated market or MTF.
A detailed description of the functioning of the OTF, including any links to or participation by a regulated market,an MTF or OTF or systematic internaliser owned by the same firm; and.
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;
For instance, a so-called single-dealer platform,where trading always takes place against a single investment firm should be considered a systematic internaliser, were it to comply with the requirements.
(52) Where an investment firm is a systematic internaliser both in shares and in other financial instruments, the obligation to quote should only apply in respect of shares without prejudice to Recital 46.
With regard to other financial instruments covered by Article 26(2)traded on its system, each systematic internaliser shall provide ESMA with reference data relating to those financial instruments.
A systematic internaliser is an investment firm which, on an organised, 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.
An investment firm executing client orders against own proprietary capital should be deemed a systematic internaliser, unless the transactions are carried out outside a trading venue on an occasional, ad hoc and irregular basis.
That trading obligation requires investment firms to undertake all trades including trades dealt on own account and trades dealt when executing client orders on a regulated market,an MTF, a systematic internaliser or an equivalent third-country trading venue.
By way of exception, a systematic internaliser shall be entitled to use the acronym'SI' instead of the venue identification referred to in MAR 7.2.2 EU(a) in respect of a transaction in a share that is executed in its capacity as a systematic internaliser in respect of that share.
For the purposes of Article 17(2) of Regulation(EU) No 600/2014, the number orvolume of orders shall be considered to considerably exceed the norm where a systematic internaliser cannot execute the number or volume of those orders without exposing itself to undue risk.
The definition of a systematic internaliser shall apply only where the pre-set limits for a frequent and systematic basis and for a substantial basis are both crossed or where an investment firm chooses to opt-in under the systematic internaliser regime;
While an OTF is any system orfacility in which multiple third-party buying and selling interests interact in the system, a systematic internaliser should not be allowed to bring together third-party buying and selling interests.
Where the systematic internaliser is quoting in different sizes and receives an order between those sizes, which it chooses to execute, it shall execute the order at one of the quoted prices in compliance with the provisions of Article 22, except where otherwise permitted under the conditions of the previous two subparagraphs.
Where an investment firm deals on own account by executing client orders outside a regulated market or an MTF,it shall be treated as a systematic internaliser if it meets the following criteria indicating that it performs that activity on an organised, frequent and systematic basis.
Where the systematic internaliser is quoting in different sizes and receives an order between those sizes, which it chooses to execute, it shall execute the order at one of the quoted prices in compliance with Article 28 of Directive 2014/65/EU, except where otherwise permitted under the conditions of paragraphs 2 and 3 of this Article.
For the purposes of this Article and Article 46,'execution venue' means a regulated market,an MTF, a systematic internaliser, 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.
Any trading system in financial instruments, such as entities currently known as broker crossing networks, should in the future be properly regulated andbe authorised under one of the types of multilateral trading venues or as a systematic internaliser under the conditions set out in this Regulation and in Directive 2014/65/EU(5).
The quoted price or prices shall be such as to ensure that the systematic internaliser complies with its obligations under Article 27 of Directive 2014/65/EU, where applicable, and shall reflect prevailing market conditions in relation to prices at which transactions are concluded for the same or similar financial instruments on a trading venue.
In order to carry out calculations for determining the requirements for the pre-trade and post-trade transparency and the trading obligation regimes imposed by Articles 3 to 11, Articles 14 to 21 and Article 32,which are applicable to financial instruments and for determining whether an investment firm is a systematic internaliser, competent authorities may require information from.
While trading venues are facilities in which multiplethird party buying and selling interests interact in the system, a systematic internaliser should not be allowed to bring together third party buying and selling interests in functionally the same way as a trading venue.
A regulated market,MTF or systematic internaliser shall be considered to publish pre-trade information on a continuous basis during normal trading hours if that information is published as soon as it becomes available during the normal trading hours of the regulated market, MTF or systematic internaliser concerned, and remains available until it is updated.