Source: OJ L, 2025/416, 14.3.2025

Artikel 11 Art des Auftrags über Kryptowerte

Summary What does Article 11 of the RTS on trading platform order book records say?

Article 11 deals with the recording of order types by crypto-asset service providers operating trading platforms.

It sets out a two-tier approach to order classification: providers must first record the order type using their own internal specification, and then separately classify each order into one of two standardised categories.

This article sits within a broader framework of record-keeping obligations that collectively define what information trading platform operators must capture and maintain.

Important points:

Record the order type for each order received using your own internal specification, in line with field 21 of Table 2 of the Annex.
Classify every order received as either a limit order or a stop order, as specified in field 22 of Table 2 of the Annex.
Both obligations apply to crypto-asset service providers operating a trading platform for crypto-assets.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

1. Anbieter von Kryptowerte-Dienstleistungen, die eine Handelsplattform für Kryptowerte betreiben, zeichnen für jeden eingegangenen Auftrag unter Verwendung ihrer eigenen Spezifikationen die Art des eingegangenen Auftrags nach den Spezifikationen in Tabelle 2 Feld 21 des Anhangs auf.
1. Anbieter von Kryptowerte-Dienstleistungen, die eine Handelsplattform für Kryptowerte betreiben, stufen jeden eingegangenen Auftrag nach den Spezifikationen in Tabelle 2 Feld 22 des Anhangs entweder als Limit-Order oder als Stop-Order ein.

Table of contents

Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.