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OTF

as defined in Directive 2014/65/EU of the European Parliament and of the Council of 15 May…, Article 4(1), point (23) (Definitions)

a multilateral system which is not a regulated market or an MTF and in which multiple third-party buying and selling interests in bonds, structured finance products, emission allowances or derivatives are able to interact in the system in a way that results in a contract in accordance with Title II of this Directive;

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