Organized Exchange Law and Legal Definition
The term "organized exchange" means “a trading facility that--
(A) permits trading--
(i) by or on behalf of a person that is not an eligible contract participant; or
(ii) by persons other than on a principal-to-principal basis; or
(B) has adopted (directly or through another nongovernmental entity) rules that--
(i) govern the conduct of participants, other than rules that govern the submission of orders or execution of transactions on the trading facility; and
(ii) include disciplinary sanctions other than the exclusion of participants from trading.” (7 USCS § 1a)
