direct electronic access

Definitions over time (1)

02/07/2014 – 17/09/2014 Article 4, Directive 2014/65/EU (MIFID II) Scope: Whole act

1. For the purposes of this Directive, the following definitions apply:

‘direct electronic access’ means an arrangement where a member or participant or client of a trading venue permits a person to use its trading code so the person can electronically transmit orders relating to a financial instrument directly to the trading venue and includes arrangements which involve the use by a person of the infrastructure of the member or participant or client, or any connecting system provided by the member or participant or client, to transmit the orders (direct market access) and arrangements where such an infrastructure is not used by a person (sponsored access);

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No text uses this concept on 12/11/2026.