Article L424-1 of the French Monetary and Financial Code
November 8, 2023
A multilateral trading facility is a multilateral facility under which multiple third-party buying and selling interests in financial instruments are brought together under non-discretionary rules in order to conclude transactions in those instruments. It operates in accordance with the provisions of this Chapter. The system shall have at least three significantly active members or users, each of whom has the ability to interact with all others in price formation. The…
