Series 24: Regulation ATS

Taken from our Series 24 Online Guide

Regulation ATS

Regulation ATS specifies the requirements for alternative trading systems (ATS) that are not national securities exchanges. These trading systems are typically ECNs or dark pools. A dark pool is a private trading system that allows participants to make transactions without displaying quotes to the public. Dark pool participants tend to be institutions that are making large transactions and do not want their quotations to be public because they may influence the price of the

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