Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'dark pool'?

A. privately organized alternative trading system, that allows institutional investors the ability to trade without exposure until after the trade has been executed and reported
B. multi-lateral 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
C. trading system that facilitates the exchange of financial instruments between multiple parties
D. alternative trading system that automatically matches buy and sell orders for securities in the market

Answer: privately organized alternative trading system, that allows institutional investors the ability to trade without exposure until after the trade has been executed and reported