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

(Art. 44 Fin­MIA)

¹ The op­er­at­or of an or­gan­ised trad­ing fa­cil­ity shall is­sue reg­u­la­tions on the or­gan­isa­tion of trad­ing and mon­it­or com­pli­ance with the stat­utory and reg­u­lat­ory pro­vi­sions, as well as the trad­ing pro­cess.

² It shall keep a chro­no­lo­gic­al re­cord of all or­ders and trans­ac­tions car­ried out through the or­gan­ised trad­ing fa­cil­ity.

³ In the event of agree­ments be­ing made ac­cord­ing to dis­cre­tion­ary rules, identic­al cli­ent or­ders may be matched only if best ex­e­cu­tion can be guar­an­teed. Ex­cep­tions are per­miss­ible only if the cli­ents con­cerned have ex­pressly waived any claim to best pos­sible ex­e­cu­tion.