Principal Market definition: Copy, customize, and use instantly
Introduction
The term "Principal Market" refers to the primary exchange or market where a financial instrument or asset is predominantly traded. It is critical in defining the market that governs the pricing and trading conditions of the asset, ensuring clarity for parties involved in transactions. Identifying the "Principal Market" is essential for establishing the rules under which trading or pricing is determined, especially in cases of price benchmarks or liquidity requirements.
Below are various examples of how "Principal Market" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Principal Market" as the leading exchange
This definition ties "Principal Market" to the leading market or exchange.
"Principal Market" means the leading exchange or market in which the instrument is primarily traded, which shall be the [insert exchange name] as of the date of this Agreement.
Definition of "Principal Market" as the most active market
This definition connects "Principal Market" to the most active market where the asset is traded.
"Principal Market" refers to the market that experiences the highest volume of trading activity for the asset, as identified by [insert market data source or criteria].
Definition of "Principal Market" as the market with the highest liquidity
This definition links "Principal Market" to the market with the highest liquidity.
"Principal Market" means the market with the highest liquidity for the asset, where the majority of transactions are executed, and which is typically represented by [insert exchange or market type].
Definition of "Principal Market" as a jurisdiction-based market
This definition ties "Principal Market" to a market based in a specific jurisdiction.
"Principal Market" refers to the market located in [insert jurisdiction] that governs the majority of the trading activity for the asset.
Definition of "Principal Market" as the relevant stock exchange
This definition connects "Principal Market" to a specific stock exchange.
"Principal Market" means the [insert stock exchange name], which serves as the primary exchange for trading the security as defined in this Agreement.
Definition of "Principal Market" as the highest volume market
This definition links "Principal Market" to the market with the highest trade volume.
"Principal Market" refers to the market where the asset has the highest trading volume, ensuring that transactions are conducted primarily through [insert exchange or market].
Definition of "Principal Market" as the regulated market
This definition ties "Principal Market" to a regulated market.
"Principal Market" means the regulated exchange or market, which is authorized by [insert regulatory body] for trading the asset, and which shall be [insert market name].
Definition of "Principal Market" as the exchange selected for price determination
This definition connects "Principal Market" to the market used for price determination.
"Principal Market" refers to the exchange or platform used to determine the price of the asset under this Agreement, typically being [insert exchange name or platform].
Definition of "Principal Market" as the market of origin
This definition links "Principal Market" to the market where the asset originated.
"Principal Market" means the market of origin, where the asset was first listed and continues to be primarily traded, and is identified as [insert market name].
Definition of "Principal Market" as the market with the highest market capitalization
This definition ties "Principal Market" to the market with the highest market cap for the asset.
"Principal Market" refers to the market with the highest market capitalization for the asset, as identified by [insert financial service or database].
Definition of "Principal Market" as the designated primary market
This definition connects "Principal Market" to a designated primary market.
"Principal Market" means the market designated as the primary exchange or venue for trading the asset, which is [insert market designation or name].
Definition of "Principal Market" as the market with the most established pricing
This definition links "Principal Market" to the market with established pricing rules.
"Principal Market" refers to the market where pricing for the asset is most established and is typically the [insert exchange or market name], subject to the terms defined in this Agreement.
Definition of "Principal Market" as the market with the highest trade volume
This definition ties "Principal Market" to the market with the highest frequency of trades.
"Principal Market" means the market where the highest frequency of trades for the asset occurs, and is typically [insert exchange name].
Definition of "Principal Market" as a central exchange
This definition connects "Principal Market" to a central exchange that handles a majority of the asset's trades.
"Principal Market" refers to the central exchange that handles a majority of the trades in the asset, and which is identified as [insert central exchange name].
Definition of "Principal Market" as the exchange determined by liquidity
This definition links "Principal Market" to the exchange with the highest liquidity for the asset.
"Principal Market" means the exchange where the asset has the highest liquidity, as determined by the trading volume and investor participation, and is identified as [insert exchange name].
Definition of "Principal Market" as the market with consistent trading hours
This definition ties "Principal Market" to the market that operates during set trading hours.
"Principal Market" refers to the market with consistent and reliable trading hours, and where the asset is primarily traded, which is [insert market name].
Definition of "Principal Market" as the most favorable trading market
This definition connects "Principal Market" to the most favorable market for trading.
"Principal Market" means the market where the asset is traded under the most favorable conditions for pricing, and which is [insert market name].
Definition of "Principal Market" as the market with regulatory oversight
This definition links "Principal Market" to the market under regulatory supervision.
"Principal Market" refers to the market that is under the regulatory oversight of [insert regulatory authority], ensuring compliance with market rules, and is typically [insert exchange name].
Definition of "Principal Market" as the central market for a financial instrument
This definition ties "Principal Market" to the central market for a financial instrument.
"Principal Market" means the central market in which the financial instrument is predominantly traded, identified as [insert market name or exchange].
Definition of "Principal Market" as the market with established benchmarks
This definition connects "Principal Market" to the market where pricing benchmarks are set.
"Principal Market" refers to the market where the established benchmarks for pricing the asset are published, which is [insert market name or source].
Definition of "Principal Market" as the most favorable market for investors
This definition links "Principal Market" to the most favorable market in terms of investor activity.
"Principal Market" means the market where investors generally prefer to trade the asset due to its favorable conditions, which is [insert market name].
Definition of "Principal Market" as the market with preeminent liquidity
This definition ties "Principal Market" to the market with superior liquidity.
"Principal Market" refers to the market with the highest level of liquidity for the asset, as typically represented by [insert exchange or trading platform].
Definition of "Principal Market" as the primary platform for trading
This definition connects "Principal Market" to the main platform for asset transactions.
"Principal Market" means the primary platform on which the asset is most commonly traded, including [insert trading venue or platform name].
Definition of "Principal Market" as the market with consistent price discovery
This definition links "Principal Market" to the market where price discovery for the asset is most consistent.
"Principal Market" refers to the market where price discovery for the asset is most reliable and consistent, identified as [insert market name].
Definition of "Principal Market" as the market with most favorable regulatory framework
This definition ties "Principal Market" to the market with the most advantageous regulatory environment.
"Principal Market" means the market with the most favorable regulatory framework for trading the asset, as established by [insert regulatory body or authority].
Definition of "Principal Market" as the exchange with highest asset concentration
This definition connects "Principal Market" to the exchange where the asset is most concentrated.
"Principal Market" refers to the exchange with the highest concentration of transactions for the asset, typically [insert exchange name].
Definition of "Principal Market" as the designated trading venue
This definition links "Principal Market" to a designated venue for trading the asset.
"Principal Market" means the designated venue approved for trading the asset under this Agreement, which is [insert venue or exchange].
Definition of "Principal Market" as the market with the most efficient execution
This definition ties "Principal Market" to the market known for efficient execution of trades.
"Principal Market" refers to the market recognized for providing the most efficient execution of trades for the asset, which is [insert exchange name].
Definition of "Principal Market" as the most liquid marketplace
This definition connects "Principal Market" to the most liquid marketplace for an asset.
"Principal Market" means the marketplace with the highest level of liquidity for the asset, identified as [insert market name or exchange].
Definition of "Principal Market" as the predominant market for a security
This definition links "Principal Market" to the predominant market for a particular security.
"Principal Market" refers to the predominant market for trading the security, typically represented by [insert market name or exchange].
Definition of "Principal Market" as the primary market for listed instruments
This definition ties "Principal Market" to the primary market for instruments listed on an exchange.
"Principal Market" means the primary market for all listed instruments under this Agreement, identified as [insert exchange name].
Definition of "Principal Market" as the market selected by mutual agreement
This definition connects "Principal Market" to a market selected by mutual agreement of the parties involved.
"Principal Market" refers to the market selected by mutual agreement of the parties for trading the asset, which is [insert market name or exchange].
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.