(2c) 'over-the-counter trading' means bilateral trading which is carried out by an eligible counterparty on its own account, outside a trading venue or a systematic internaliser, on an occasional and irregular basis with eligible counterparties and always at large in scale sizes; (3) ‘systematic internaliser’ means an investment firm which, on an organised, regular and systematic basis, deals on own account by executing client orders outside a regulated market, a multilateral trading facility or an organised trading facility, in a bilateral system;
(3) 'systematischer Internalisierer' eine Wertpapierfirma, die in einem bilateralen System in organisierter und systematischer Weise regelmäßig Handel für eigene Rechnung durch Ausführung von Kundenaufträgen außerhalb eines geregelten Marktes, eines multilateralen Handelssystems oder eines organisierten Handelssystems treibt;