matched principal trading

Definition of matched principal trading from Regulation (EU) 2023/1114, Article 3(1), point (40).

Defined term	matched principal trading
Source	MiCA
Reference	Article 3(1), point (40)
Status	Published
Refresh rule	Regenerate after source legal-text changes

Definition

(40) 'matched principal trading' means matched principal trading as defined in Article 4(1), point (38), of Directive 2014/65/EU;

Source

MiCA, Article 3(1), point (40).

Imported Definition

MiCA imports this definition from MiFID II.

(38) 'matched principal trading' means a transaction where the facilitator interposes itself between the buyer and the seller to the transaction in such a way that it is never exposed to market risk throughout the execution of the transaction, with both sides executed simultaneously, and where the transaction is concluded at a price where the facilitator makes no profit or loss, other than a previously disclosed commission, fee or charge for the transaction;

Open MiFID II definition page

Definition Chain

1. MiCA Article 3(1), point (40)
2. MiFID II Article 4(1), point (38)

Used In MiCA

• Article 76