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

Which of the following definitions best describes 'recognised market operator'?

A. exchange in which buyers and sellers submit competitive bids that do not involve direct negotiations between parties, as part of an auction scheduled either on demand or on a periodic basis
B. automated system for organizing and disseminating price quotes by brokers and dealer firms that facilitates electronic trading in securities
C. exchange that is operated or maintained by an operator registered under certain securities regulations that brings together purchasers and sellers of capital market products
D. exchange in which prices are determined from bid and ask quotations made by market makers, dealers, or specialists

Answer: exchange that is operated or maintained by an operator registered under certain securities regulations that brings together purchasers and sellers of capital market products