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README.md

Alternative Trading Systems (ATS)

For those entities which desire to use the Exempt Liquidity Market Exchange network for an alternative trading system registered with the SEC on form ATS-N

17 CFR 242.301 - Requirements for alternative trading systems.

See https://www.govinfo.gov/app/details/CFR-2012-title17-vol3/CFR-2012-title17-vol3-sec242-301

Broker-Dealers may registered an ATS on the Exempt Liquidity Market Exchange and use their FINRA MPID on Form ATS.