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In this act Article 2 of 6

Article 2 — Pre-trade transparency

Financial servicesLevel 2RTSMiCAIn forceOfficial source

2(1)

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.

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2(2)

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:

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2(2)(a)
a)the orders are contingent on the occurrence of objective market conditions which are pre-defined by the trading system’s protocol;
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2(2)(b)
b)the orders cannot interact with other trading interests prior to the disclosure to the order book operated by the trading platform;
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2(2)(c)
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.\
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2(3)

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.

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