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. 22 Multilateral trading

(Art. 26 and 42 FMIA)

Trad­ing is deemed to be mul­ti­lat­er­al if it unites the in­terests of mul­tiple par­ti­cipants in the ac­quis­i­tion and sale of se­cur­it­ies or oth­er fin­an­cial in­stru­ments with­in the trad­ing fa­cil­ity with a view to con­clud­ing a con­tract.

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