multilateral system
as defined in Directive 2014/65/EU of the European Parliament and of the Council of 15 May…, Article 4(1), point (19) (Definitions)
any system or facility in which multiple third-party buying and selling trading interests in financial instruments are able to interact in the system;
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Also defined in
- Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial… 32014R0600, Article 2(1), point (11)
a multilateral system as defined in Article 4(1)(19) of Directive 2014/65/EU