13.1 Orders and quotes

¹ The Market Maker Book Fill-or-Kill (MMB-FOK) market model shall treat orders from participants and quotes from admitted market makers differently.

² An incoming order shall only be accepted if it can be executed in full (Fill or Kill). No transaction may be smaller than the initial denomination (minimum denomination).

³ Orders and quotes which are smaller than the initial denomination shall not be accepted.

⁴ Quotes which are smaller than the initial denomination after partial executions shall be deleted.