ATS Definition Alternative trading system means any organization, association, person, group of persons, or system:
{"Image DocumentName": "ATS DefinitionAlternative trading system means any organization, association, person, group of persons, or system:", "Image ImageDescription": "1. That constitutes, maintains, or provides a market place or facilities for bringing together purchasers and sellers of securities or for otherwise performing with respect to securities the functions commonly performed by a stock exchange within the meaning of Rule 3b-16 under the Securities Exchange Act of 1934; and. 2. That does not: i. Set rules governing the conduct of subscribers other than the conduct of such subscribers trading on such organization, association, person, group of persons, or system; or. ii. Discipline subscribers other than by exclusion from trading. What the ATS does not do is what distinguishes it from an exchange.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}