The amendments proposed by the regulator dramatically expand the definition of what an exchange is while eliminating the exemption for systems that merely bring together buyers and sellers of securities while not providing facilities for order execution.
监管机构提出的修正案大幅扩大了交易所的定义，同时取消了仅将证券买卖双方聚集在一起，而不提供执行指令便利的系统的豁免。