Price check

In the context of ESMA RTS 6 Article 15(1)(a) investment firms are required to perform pre-trade controls using price collars, which automatically block or cancel orders that do not meet set price parameters, differentiating between different financial instruments, both on an order-by-order basis and over a specified period of time.

Quantity check

In the context of ESMA RTS 6 Article 15(1)(c) investment firms are required to perform pre-trade controls using maximum order volumes, which prevent orders with an uncommonly large order quantity from entering the order book.