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


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Art. 42 Pre-trade transparency

(Art. 46 paras. 2 and 3 Fin­MIA)

1In the case of mul­ti­lat­er­al trad­ing and bi­lat­er­al trad­ing where a li­quid mar­ket ex­ists, Art­icles 27 and 29 ap­ply by ana­logy.

2 In the case of bi­lat­er­al trad­ing where no li­quid mar­ket ex­ists, price quotes on de­mand shall suf­fice.

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