MiFID stipulates three kinds of trading venues including regulated markets(exchanges),multilateral trading facilities and systematic internaliser, eliminates the‘concentration’provisions and requires‘best execution’obligation.
MiFID规定了规范市场(交易所)、多边交易设施以及系统化内部撮合商三种交易场所,取消了"集中规则",并且规定了"最佳执行"的义务。
参考来源 - 《金融工具市场指令》对交易场所间竞争的影响·2,447,543篇论文数据,部分数据来源于NoteExpress
The Client is obligated to keep passwords secret and ensure that third parties do not obtain access to the trading facilities.
客户有对密码保密的义务,应当确保第三者不能获得交易设备的路径。
Many electronic trading facilities are supported by computer-based component systems for the order-routing, execution or matching of trades.
公开喊价和电子交易的设施是由以计算机为基础的系统来进行交易指令传递、执行、匹配的。
The ranking was based on a range of factors, from trading infrastructure and taxes to nightlife and recreation facilities.
这份排名是根据一系列指标得出的,包括了交易的基础设施、对夜生活场所以及娱乐设施的税收等。
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