### Question
What is the definition of trading facility?


### Answer
The definition of **trading facility** is as follows in *7 U.S.C. § 1a*:

> a person or group of persons that constitutes, maintains, or provides a physical or electronic facility or system in which multiple participants have the ability to execute or trade agreements, contracts, or transactions—


(i) by accepting bids or offers made by other participants that are open to multiple participants in the facility or system

#### Citation:
  - *7 U.S.C. § 1a*
  - Heading: **CHAPTER 1-COMMODITY EXCHANGES**

