Article 722-15-1 into force since 30 July 2023

A provider operating a digital asset trading platform shall have effective systems, procedures and mechanisms in place to ensure that its trading systems:

a) are resilient;

b) have sufficient capacity to handle large volumes of orders and messages;

c) have sufficient capacity to ensure an orderly trading process during periods of severe market stress;

d) are able to reject orders that exceed predetermined volume and price thresholds or are clearly erroneous;

e) are subject to comprehensive testing to ensure that the conditions set out in a, b and c are met;

f) are governed by business continuity mechanisms ensuring that services are maintained in the event of a failure of the trading system.