Terms

Alternative Trading System

Abbreviation
ATS

An alternative trading system is one that is not regulated as an exchange but is a venue to match the buy and sell orders of its subscribers. ATS accounts for much of the liquidity found in publicly traded issues worldwide. Most ATS are registered as broker-dealers rather than exchanges and focus on finding counterparties for transactions. The Securities and Exchange Commission must approve alternative trading systems.

Entity Types

Exchange

Mentioned by the Following

Terms

Regulation ATS