# Internaliser, systematic (systematic internaliser)

- Canonical URL: https://www.gerhardmerk.de/internaliser-systematic-systematic-internaliser
- Post ID: 588276
- Modified: 2023-07-25T21:00:12+00:00
- Language: en

## Definition

In regulatory language, a financial service provider that - trades professionally, in a planned manner - trades regularly - for its own account - by executing client orders - outside a regulated market or multilateral trading facility. Systematic internalizers can decide whether to give access to their quotes only to retail clients, only to professional clients, or to both. - The Markets in Financial Services Directive also imposes extensive disclosure obligations on such service providers. - Cf. BaFin Annual Report 2006, p. 143 (special rules under the Financial Markets Directive Implementation Act), BaFin Annual Report 2007, p. 153 (disclosure obligations). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1