alternative trading system (ALT)


A trading system designed for large investors and professional traders, which permits alternative means for accessing liquidity. The system is approved by the SEC (Securities Exchange Commission) as a non-trading venue and is not regulated as an exchange. Large investors and institutions use the system to trade large blocks of shares in order to refrain from tilting the market in a particular direction. The Electronic Communication Networks, Matching Systems, and Call Markets are examples of alternative trading systems.
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alternative order aluminum