Federal Act
on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(Financial Market Infrastructure Act, FinMIA)

For the pur­poses of this Act:

a.

trad­ing ven­ue means a stock ex­change or a mul­ti­lat­er­al trad­ing fa­cil­ity;

b.

stock ex­change means an in­sti­tu­tion for mul­ti­lat­er­al se­cur­it­ies trad­ing where se­cur­it­ies are lis­ted, whose pur­pose is the sim­ul­tan­eous ex­change of bids between sev­er­al par­ti­cipants and the con­clu­sion of con­tracts based on non-dis­cre­tion­ary rules;

c.

mul­ti­lat­er­al trad­ing fa­cil­ity means an in­sti­tu­tion for mul­ti­lat­er­al se­cur­it­ies trad­ing whose pur­pose is the sim­ul­tan­eous ex­change of bids between sev­er­al par­ti­cipants and the con­clu­sion of con­tracts based on non-dis­cre­tion­ary rules without list­ing se­cur­it­ies.