Type of alternative trading venue in which an electronic trading system matches buyers and sellers who are willing to trade at prices obtained from exchanges or other alternative trading venues but who are concerned about moving the price of the securities by submitting an order to an exchange.

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1. Type of alternative trading venue in which an electronic trading system matches buyers and sellers who are willing to trade at prices obtained from exchanges or other alternative trading venues but who are concerned about moving the price of the securities by submitting an order to an exchange.