In this Chapter -

"an exchange" means a financial futures and options exchange and, where the context so permits or requires, includes an existing exchange or a proposed exchange;

"an existing exchange" has the meaning assigned to it by section 100;

"financial futures and options exchange" means a market of a financial nature where, in an organised manner and under agreed rules, members of that market trade, by way of electronic, written, oral or any other form of communication - (a) in rights under contract for the sale or purchase of a financial product, commodity or property of any other description under which delivery is to be made, or measures equivalent to delivery are to be implemented, at a future date at a price agreed or determinable when the contract is made, or (b) by way of option on a contract to which paragraph (a) relates or on a financial product, commodity or property of any other description, including an option to buy, sell or vary the price or quantity concerned;

"a proposed exchange" has the meaning assigned to it by section 99;