This ontology defines the fundamental concepts for markets, exchanges, regulated markets, and multilateral trading facilities for use in the development of downstream FIBO domain ontologies that require them. Markets Ontology any organization, association, or group of persons, whether incorporated or unincorporated, which constitutes, maintains, or provides a market place or facilities for bringing together purchasers and sellers of securities or for otherwise performing with respect to securities the functions commonly performed by a stock exchange as that term is generally understood, and includes the market place and the market facilities maintained by such exchange exchange a market is a venue that allows buyers and sellers of goods, commodities, services, etc. to conduct business, including markets where securities may be traded market identifier or code allocated to places of trade, i.e., stock exchanges, regulated markets, e.g., Electronic Trading Platforms (ECN), and unregulated markets, e.g., Automated Trading Systems (ATS) market identifier a trading system that facilitates the exchange of financial instruments between multiple parties multilateral trading facility a multilateral system which is not an RM or an MTF and in which multiple third-party buying and selling interests in bonds, structured finance products, emission allowances or derivatives are able to interact in the system in a way that results in a contract in accordance with the provisions of Title II of MiFID II organized trading facility a multilateral system operated by an investment firm or market operator, which brings together multiple third-party buying and selling interests in financial instruments in the system, in accordance with non-discretionary rules, in a way that results in a contract in accordance with the provisions of Title II of the MiFID II registered multilateral trading facility a medium for the exchange of goods or services over which a government body exerts a level of control. This control may require market participants to comply with environmental standards, product-safety specifications, information disclosure requirements and so on. regulated market 1 0 1 1 1 1 Copyright (c) 2015 EDM Council, Inc. Copyright (c) 2015 Object Management Group, Inc. http://www.omg.org/techprocess/ab/SpecificationMetadata/MITLicense Markets.rdf fibo-fbc-fct-mkt This ontology defines the fundamental concepts for markets, exchanges, regulated markets, and multilateral trading facilities for use in the development of downstream FIBO domain ontologies that require them. http://www.omg.org/spec/EDMC-FIBO/FND/ http://www.omg.org/spec/EDMC-FIBO/FBC/FunctionalEntities/RegulatoryAgencies/ http://www.omg.org/spec/EDMC-FIBO/FBC/FunctionalEntities/RegistrationAuthorities/ http://www.omg.org/spec/EDMC-FIBO/FBC/ProductsAndServices/FinancialProductsAndServices/ http://www.w3.org/standards/techs/owl#w3c_all http://www.omg.org/spec/ODM/ any organization, association, or group of persons, whether incorporated or unincorporated, which constitutes, maintains, or provides a market place or facilities for bringing together purchasers and sellers of securities or for otherwise performing with respect to securities the functions commonly performed by a stock exchange as that term is generally understood, and includes the market place and the market facilities maintained by such exchange Securities Exchange Act of 1934, as amended 12 August 2012 a market is a venue that allows buyers and sellers of goods, commodities, services, etc. to conduct business, including markets where securities may be traded market identifier MIC identifier or code allocated to places of trade, i.e., stock exchanges, regulated markets, e.g., Electronic Trading Platforms (ECN), and unregulated markets, e.g., Automated Trading Systems (ATS) ISO 10383, Securities and related financial instruments - Codes for exchanges and market identification (MIC), Third edition, 2012-10-01. MTF a trading system that facilitates the exchange of financial instruments between multiple parties http://www.investopedia.com/terms/m/multilateral_trading_facility.asp Multilateral trading facilities allow eligible contract participants to gather and transfer a variety of securities, especially instruments that may not have an official market. These facilities are often electronic systems controlled by approved market operators or larger investment banks. Traders will usually submit orders electronically, where a matching software engine is used to pair buyers with sellers. OTF a multilateral system which is not an RM or an MTF and in which multiple third-party buying and selling interests in bonds, structured finance products, emission allowances or derivatives are able to interact in the system in a way that results in a contract in accordance with the provisions of Title II of MiFID II http://www.marketswiki.com/mwiki/Organized_Trading_Facility Unlike RMs and MTFs, operators of OTFs will have discretion as to how to execute orders, subject to pre-transparency and best execution obligations. OTFs were introduced by the European Commission as part of MiFID II and are focused on non-equities such as derivatives and cash bond markets. OTFs are intended to be similar in scope to a swap execution facility (SEF), a type of entity created by the Dodd-Frank Act in the U.S. The goal of SEFs and OTFs is to bring transparency and structure to OTC derivatives trading. a multilateral system operated by an investment firm or market operator, which brings together multiple third-party buying and selling interests in financial instruments in the system, in accordance with non-discretionary rules, in a way that results in a contract in accordance with the provisions of Title II of the MiFID II FpML RM a medium for the exchange of goods or services over which a government body exerts a level of control. This control may require market participants to comply with environmental standards, product-safety specifications, information disclosure requirements and so on. http://www.investopedia.com/terms/r/regulated-market.asp In the financial community in the EU, a regulated market is more specifically defined as a multilateral system operated by and/or managed by a market operator, which brings together or facilitates the bringing together of multiple third-party buying and selling interests in financial instruments - in the system and in accordance with its non-discretionary rules - in a way that results in a contract, in respect of the financial instruments admitted to trading under its rules and/or systems, and which is authorised and functions regularly and in accordance with the provisions of Title III of MiFID II.