An Alternative Trading System is a non-exchange venue for trading securities. In digital asset markets, an ATS functions as a private trading platform that matches buyers and sellers outside of conventional public exchanges. These systems often facilitate transactions for less liquid assets or offer tailored trading functionalities. Their operation typically involves direct order matching or brokered arrangements, distinct from the open order books of regulated exchanges.
Context
The regulatory landscape surrounding ATSs in the digital asset space is continuously evolving with jurisdictions assessing how to classify and oversee these platforms. Discussions center on investor protection, market transparency, and the potential for regulatory arbitrage compared to traditional exchanges. Future developments may involve clearer guidelines for digital asset ATS registration and operational standards.
The integration of blockchain-based equity tokens directly addresses ATS capacity constraints, unlocking superior global liquidity and enabling continuous, T+0 settlement cycles.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
