### Question
What is the definition of alternative trading system?


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

> an organization, association, or group of persons that—


(A) is registered as a broker or dealer pursuant to section 15(b) of the Securities Exchange Act of 1934 [15 U.S.C. 78o(b)] (except paragraph (11) thereof)

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

