What is the role of the SIX Swiss Exchange Market Control?

What is the role of the SIX Swiss Exchange Market Control?

• A. Calculating and making decisions regarding mistrades
• B. Setting currency exchange rates
• C. Determining market hours
• D. Supervising compliance audits

Answer: (A)

Market Control is the part of SIX Swiss Exchange that keeps the market fair and orderly by handling trades that look incorrect. Its main job is to review mistrades, calculate their impact, and decide the appropriate corrective action, such as cancelling or adjusting the trade, so prices reflect genuine activity and other participants aren’t unfairly affected. Currency exchange rates are set by market mechanisms and, in many cases, central banks or reference data, not by Market Control. Market hours are determined by the exchange’s operating schedule, not by this function. Compliance audits fall under the oversight of the compliance and internal audit functions, not Market Control.

Market Control is the part of SIX Swiss Exchange that keeps the market fair and orderly by handling trades that look incorrect. Its main job is to review mistrades, calculate their impact, and decide the appropriate corrective action, such as cancelling or adjusting the trade, so prices reflect genuine activity and other participants aren’t unfairly affected. Currency exchange rates are set by market mechanisms and, in many cases, central banks or reference data, not by Market Control. Market hours are determined by the exchange’s operating schedule, not by this function. Compliance audits fall under the oversight of the compliance and internal audit functions, not Market Control.