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

(Art. 45 Fin­MIA)

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.