Directive 4: Market Control
 

2 Market control duties

1 The market control of the Exchange ("Market Control") shall ensure transparent, efficient and liquid trading with the objective of treating investors and participants equally and protecting investors.

2 Market Control shall, in particular, assume the following tasks:

  1. it shall regulate trading periods on the basis of defined parameters and suspend trading if fair and orderly pricing is not ensured;
  2. it shall monitor and verify every trade as soon as possible for market compliance and declare trades already conducted to be null and void in certain instances (see Clause 6);
  3. it may also adjust trading parameters at short notice in certain situations;
  4. it shall inform participants of any adjustment to trading parameters, trade restrictions and mistrades;
  5. it shall issue instructions to participants in special situations; and
  6. it shall interrupt trading entirely in special situations.




 
 
 
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