For the purposes of this Regulation, the following definitions shall apply:

(a) "trading system" means the way in which an execution venue executes orders as continuous auction order book, continuous quote driven, request for quote, periodic auction or any hybrid system falling into two or more of these categories or into a system where the price determination process is of a different nature than that applicable to the types of system set out above;

(b) "Size Specific to the financial instrument" means size specific to a bond, structured finance product, emission allowance or derivative traded on a trading venue, for which there is not a liquid market and where the transaction in those instruments is subject to deferred publication in accordance with Article 11 of Regulation (EU) No 600/2014;

(c) "Large in Scale" means an order large in scale in accordance with Article 7 and 11 of Regulation (EU) No 600/2014;

(d) "failed transaction" means a transaction that was voided by the execution venue;