multilateral system
as defined in Regulation (EU) No 600/2014 of the European Parliament and of the Council of…, Article 2(1), point (11) (Definitions)
a multilateral system as defined in Article 4(1)(19) of Directive 2014/65/EU
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Also defined in
- Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments… 32014L0065, Article 4(1), point (19)
any system or facility in which multiple third-party buying and selling trading interests in financial instruments are able to interact in the system;