average speed of execution for unmodified passive orders at best bid and offer
Defined in Article 2, Commission Delegated Regulation (EU) 2017/575
Definitions over time (1)
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20/04/2017 – today applies on 12/11/2026 Article 2, Commission Delegated Regulation (EU) 2017/575 Scope: Whole act
For the purposes of this Regulation, the following definitions shall apply:
average speed of execution for unmodified passive orders at best bid and offer means the average time elapsed between a limit order that matches the best bid and offer being received by the execution venue, and the subsequent execution of this order;