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

(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.