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🔗 Back to Summary. 🇫🇷 French Version: 2025R0417_FR.2. Back to Summary of LVL1. Direct link to EUR-LEX.
Article 1 – General principles of presentation of the information on operating rules for trading platforms ⬅️ | ➡️ Article 3 – Post-trade transparency
References LVL1 <=> LVL2
Level 1 reference(s): 2023R1114_EN.76 > 16#a
Article 2 - Pre-trade transparency
1.
Crypto-asset service providers operating a trading platform for crypto-assets shall make public any bid and ask prices and the depth of trading interest at those prices, as referred to in Article 76(9) of Regulation (EU) 2023/1114, in accordance with the type of trading systems they operate as listed in Table 1 of Annex I to this Regulation.
2.
When the objective market conditions referred to in point (a) occur, crypto-asset service providers operating a trading platform for crypto-assets shall make public the orders that meet all of the following conditions:
(a)
the orders are contingent on the occurrence of objective market conditions which are pre-defined by the trading system’s protocol;
(b)
the orders cannot interact with other trading interests prior to the disclosure to the order book operated by the trading platform;
(c)
once disclosed to the order book, the orders interact with other orders in accordance with the rules applicable to orders of that kind at the time of disclosure.
3.
Crypto-asset service providers operating a trading platform for crypto-assets shall make public the details of each order for crypto-assets as set out in Tables 2 and 3 of Annex I.