; and (ii) are domiciled in and subject to that State’s legal requirements. (d) Definitions For purposes of this section: (1) Alternative trading system The term alternative trading system shall have the meaning set forth in section 242.300 of title 17, Code of Federal Regulations. (2) Commodity The term commodity shall have the meaning set forth in section 1a of the Commodity Exchange Act ( 7 U.S.C. 1a(9) ). (3) National securities exchange The term national securities exchange shall have the meaning given such term under section 6 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78f(a) ). (4) Process The term process shall include all activities involved directly or indirectly in effectuating a securities transaction, including entering, transmitting, routing, matching, and executing orders in securities, as well as clearing, settling, reporting, and consolidation and dissemination of data and any other incidental activity relating to securities transactions, including to the maintenance and operation of backup and disaster recovery facilities and systems. (5) Securities industry participant The term securities industry participant means a federally regulated self-regulatory organization, national securities exchange, alternative trading system, securities information processor, commodities exchange, clearing agency, trade reporting facility, broker, dealer, or securities trading system or platform owned or operated by a broker or dealer. (6) Securities transaction The term securities transaction means the purchase or sale of a security. (7) Other securities definitions The terms broker , clearing agency , dealer , exchange , securities information processor , security , and self-regulatory organization shall have the meanings given those terms, respectively, under section 3(a) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) ). . (b) Clerical amendment The table of contents under section 1(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by adding at the end the