matched principal trading
Definition of matched principal trading from Directive 2014/65/EU, Article 4(1), point (38).
Last updated
Definition of matched principal trading from Directive 2014/65/EU, Article 4(1), point (38).
Defined term
matched principal trading
Source
MiFID II
Reference
Article 4(1), point (38)
Status
Published
Refresh rule
Regenerate after source legal-text changes
(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;
Last updated