The OTF is intended level the playing field between the various venues for the execution of orders. For instance, a number of requirements that now apply to trading on a regulated market or an MTF will also apply to trading on an OTF. These are, for example, rules regarding:
- fair and orderly trading
- execution of orders
- pre- and post-trade transparency
- admission of financial instruments
- admission of members to these venues.
Transactions in shares cannot be executed on an OTF.