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

(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.