Fair-Access Rule

Fair-Access Rule

Definition

[Rule 301(b)(5)] Rule of Regulation ATS that requires an alternative trading system that accounts for 5 percent or more of the average daily trading volume in any security during four of the preceding six months to establish written standards for granting access to trading the security on its system and not to unreasonably prohibit or limit access by applying those standards in an unfair or discriminatory manner.

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