Alternative display facility (ADF) is an equity trading facility created in the United States by the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization (SRO). The ADF is an alternative to the exchange for publishing quotations and for comparing and reporting trades. This differs from a trading facility with execution capabilities (stock exchange) in that the exchange would simply send back to the owner of the displayed order a notice of execution. FINRA has operated an ADF since July 29, 2002.[1][2]
References
edit- ^ FINRA description of facility
- ^ "Definition by AMEX Financial Dictionary". Archived from the original on 2006-02-13. Retrieved 2006-03-02.
 | This article about stock exchanges is a stub. You can help Wikipedia by expanding it. |