Ordinance
on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(Financial Market Infrastructure Ordinance, FinMIO)


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Art. 22 Multilateral trading

(Art. 26 and 42 Fin­MIA)

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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