Crypto-Asset Regulation · glossary
Running an order book that matches one client's order to buy against another client's order to sell. Halcyon is not authorised for it, and its Board has resolved to apply. The service moves a firm to Class 3 and bars it from trading its own money against clients there. Binder §1.3 · Appendix B · Chapter 2 · Chapter 10
Explained in Chapter 2, The Map of MiCA, of Crypto-Asset Regulation.
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