Electronic trading facility.
Electronic trading facility. This term means a trading facility that -
(1) Operates by means of an electronic or telecommunications network; and
(2) Maintains an automated audit trail of bids, offers, and the matching of orders or the execution of transactions on the facility.
17 CFR § 1.3
Words used in the singular form in the rules and regulations in this chapter shall be deemed to import the plural and vice versa, as the context may require. The following terms, as used in the Commodity Exchange Act, or in the rules and regulations in this chapter, shall have the meanings hereby assigned to them, unless the context otherwise requires: