Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.


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Art. 40 Guarantee of orderly trading

(Art. 45 FMIA)

The op­er­at­or of an or­gan­ised trad­ing fa­cil­ity shall set trans­par­ent rules and pro­ced­ures for fair, ef­fi­cient and or­derly trad­ing, as well as ob­ject­ive cri­ter­ia for the ef­fect­ive ex­e­cu­tion of or­ders. It must have meas­ures in place to en­sure the ro­bust man­age­ment of tech­nic­al pro­cesses and the op­er­a­tion of its sys­tems in ac­cord­ance with Art­icle 30 para­graphs 2 to 4.

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