Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter1: An Overview Of Financial Management And The Financial Environment
Section: Chapter Questions
Problem 15MC
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Question
Define alternative trading system (ATS)
Expert Solution
Step 1
An alternative trading system (ATS) is not an exchange-regulated, yet a position that suits its subscribers' demand purchasing and selling.
Step 2
In publicly listed matters ATS accounts for a great deal of liquidity around the world. They are familiar in Europe as multilateral trading platforms, ECNs, Cross Networks, and Call Networks. Many ATS are licensed rather than traded as brokers and concentrate on the hunt for counterparties.
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