### Question
What does organized exchange mean?


### Answer
**Organized exchange** has the following meaning in *7 U.S.C. § 1a*:

> a trading facility that—


(A) permits trading—


(i) by or on behalf of a person that is not an eligible contract participant

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

