natgillin/translations-raw huggingface dataset:
Trading venues shall ensure an effective separation of the testing environment from the production environment for the conformance testing referred to in paragraphs 1 to 3.
Mesta trgovanja za preizkušanje skladnosti iz odstavkov 1 do 3 zagotovijo učinkovito ločevanje okolja za preizkušanje od produkcijskega okolja.
Testing the members' algorithms to avoid disorderly trading conditions
Preizkušanje algoritmov članov, da bi se izognili neurejenim pogojem trgovanja
Trading venues shall require their members to certify that the algorithms they deploy have been tested to avoid contributing to or creating disorderly trading conditions prior to the deployment or substantial update of a trading algorithm or trading strategy and explain the means used for that testing.
Pred uvedbo algoritma ali strategije za trgovanje ali njuno znatno posodobitvijo zahtevajo mesta trgovanja od svojih članov potrditev, da so bili algoritmi, ki jih uvedejo, preizkušeni, da bi se izognili prispevanju k neurejenim pogojem trgovanja ali povzročitvi teh pogojev, ter da pojasnijo uporabljena sredstva za navedeno preizkušanje.
Trading venues shall provide their members with access to a testing environment which shall consist of any of the following:
Mesta trgovanja svojim članom omogočijo dostop do okolja za preizkušanje, ki ga predstavlja kar koli od naslednjega:
simulation facilities which reproduce as realistically as possible the production environment, including disorderly trading conditions, and which provide the functionalities, protocols and structure that allow members to test a range of scenarios that they consider relevant to their activity;
simulacijska infrastruktura, ki čim bolj realno posnema produkcijsko okolje, vključno z neurejenimi pogoji trgovanja, in ki zagotavlja funkcionalnosti, protokole in strukturo, ki članom omogočajo, da preizkusijo vrsto scenarijev, ki so po njihovem mnenju pomembni za njihovo dejavnost;
testing symbols as defined and maintained by the trading venue.
simboli za preizkušanje, kakor jih določi in vzdržuje mesto trgovanja.
Trading venues shall ensure an effective separation of the testing environment from the production environment for the tests referred to in paragraph 1.
Mesta trgovanja za preizkušanja iz odstavka 1 zagotovijo učinkovito ločevanje okolja za preizkušanje od produkcijskega okolja.
Trading venues' capacity
Zmogljivost mesta trgovanja
Trading venues shall ensure that their trading systems have sufficient capacity to perform their functions without systems failures, outages or errors in matching transactions at least at the highest number of messages per second recorded on that system during the previous five years multiplied by two.
Mesta trgovanja zagotovijo, da imajo njihovi sistemi trgovanja zadostne zmogljivosti za izvajanje svojih funkcij brez sistemskih napak, izpadov ali napak pri usklajevanju poslov pri vsaj dvakratniku največjega števila sporočil na sekundo, zabeleženih za ta sistem v preteklih petih letih.
For the purposes of establishing the highest number of messages, the following messages shall be taken into account:
Pri določanju največjega števila sporočil se upoštevajo naslednja sporočila:
any input, including orders and modifications or cancellations of orders;
vsa vhodna sporočila, vključno z naročili in spremembami ali preklici naročil;
any output, including the system's response to an input, display of order book data and dissemination of post-trade flow that implies independent use of the trading system's capacity.
vsa izhodna sporočila, vključno z odzivom sistema na vhodno sporočilo, prikaz podatkov iz knjige naročil in razširjanje toka podatkov po trgovanju, kar pomeni samostojno uporabo zmogljivosti sistema trgovanja.
The elements of a trading system to be considered for the purposes of paragraph 1 shall be those supporting the following activities:
Elementi sistema trgovanja, ki se upoštevajo za namene iz odstavka 1, so tisti, ki podpirajo naslednje dejavnosti:
trading engine which enables the trading venue to match orders at an adequate latency;
trgovalno orodje, ki mestu trgovanja omogoča usklajevanje naročil z ustreznim časovnim zamikom;
infrastructure to monitor the performance of the abovementioned elements.
infrastruktura za spremljanje uspešnosti zgoraj navedenih elementov.
Trading venues shall assess whether the capacity of their trading systems remains adequate when the number of messages has exceeded the highest number of messages per second recorded on that system during the previous five years.
Ko število sporočil preseže največje število sporočil na sekundo, zabeleženih za ta sistem v preteklih petih letih, mesta trgovanja ocenijo, ali je zmogljivost njihovih sistemov trgovanja še vedno ustrezna.
After the assessment, the trading venues shall inform the competent authority about any measures planned to expand their capacity and the time of the implementation of such measures.
Po oceni mesta trgovanja obvestijo pristojni organ o vseh načrtovanih ukrepih za izboljšanje svoje zmogljivosti in o času izvajanja takih ukrepov.
Trading venues shall ensure that their systems are able to cope with rising message flows without material degradation of their systems performance.
Mesta trgovanja zagotovijo, da so njihovi sistemi sposobni obvladovati naraščajoče tokove sporočil brez bistvenega poslabšanja uspešnosti njihovih sistemov.
In particular, the design of the trading system shall enable its capacity to be expanded within reasonable time whenever necessary.
Oblika sistema trgovanja zlasti omogoča, da se njegova zmogljivost poveča v razumnem času, če je to potrebno.
Trading venues shall immediately make public and report to the competent authority and members any severe trading interruption not due to market volatility and any other material connectivity disruptions.
Mesta trgovanja takoj objavijo vsako resno prekinitev trgovanja, ki ni posledica nestanovitnosti trga, in vse druge bistvene motnje povezljivosti ter o tem poročajo pristojnemu organu in članom.
General monitoring obligations
Splošne obveznosti spremljanja
Trading venues shall ensure that their algorithmic trading systems are at all times adapted to the business which takes place through them and are robust enough to ensure continuity and regularity in the performance of the markets on which they operate, regardless of the trading model used.
Mesta trgovanja zagotovijo, da so njihovi sistemi za algoritemsko trgovanje vedno prilagojeni poslovni dejavnosti, ki poteka prek njih, in so dovolj trdni, da zagotovijo neprekinjeno in pravilno delovanje trgov, na katerih delujejo, ne glede na uporabljeni model trgovanja.
Trading venues shall conduct real time monitoring of their algorithmic trading systems in relation to the following:
Mesta trgovanja izvedejo spremljanje svojih sistemov za algoritemsko trgovanje v realnem času v zvezi z naslednjim:
their performance and their capacity referred to in Article 11(4);
njihovo uspešnostjo in zmogljivostjo iz člena 11(4);
orders sent by their members on an individual and an aggregated basis.
naročili, ki so jih poslali njihovi člani na posamezni in skupni ravni.
In particular, trading venues shall operate throttling limits and monitor the concentration flow of orders to detect potential threats to the orderly functioning of the market.
Mesta trgovanja zlasti upravljajo meje za regulacijo in spremljajo koncentracijo toka naročil, da bi odkrila morebitne grožnje za pravilno delovanje trga.
Real-time alerts shall be generated within five seconds of the relevant event.
Opozorila v realnem času se izdajo v petih sekundah po zadevnem dogodku.
Ongoing monitoring
Tekoče spremljanje
Trading venues shall be able to demonstrate at all times to their competent authority that they monitor in real time the performance and usage of the elements of their trading systems referred to in Article 11(2) in relation to the following parameters:
Mesta trgovanja so vedno sposobna dokazati pristojnemu organu, da v realnem času spremljajo uspešnost in uporabo elementov svojih sistemov trgovanja iz člena 11(2) v zvezi z naslednjimi parametri:
percentage of the maximum message capacity utilised per second;
odstotkom največje zmogljivosti sporočil, uporabljenih na sekundo;
total number of messages managed by the trading system broken down per element of the trading system, including:
skupnim številom sporočil, ki jih upravlja sistem trgovanja, razčlenjenim po elementih sistema trgovanja, vključno s:
number of messages received per second;
številom sporočil, prejetih na sekundo;
number of messages sent per second;
številom sporočil, poslanih na sekundo;
number of messages rejected by the system per second;
številom sporočil, ki jih sistem zavrne na sekundo;
period of time between receiving a message in any outer gateway of the trading system and sending a related message from the same gateway after the matching engine has processed the original message;
časom med prejemom sporočila v katerem koli zunanjem prehodu sistema trgovanja in pošiljanjem povezanega sporočila iz istega prehoda po tem, ko je orodje za usklajevanje obdelalo izvirno sporočilo;
performance of the matching engine.
uspešnostjo orodja za usklajevanje.
Trading venues shall take all appropriate action in relation to any issues identified in the trading system during the ongoing monitoring as soon as reasonably possible, in order of priority, and shall be able to adjust, wind down, or shut down the trading system, if necessary.
Mesta trgovanja sprejmejo vse ustrezne ukrepe glede vseh vprašanj, odkritih v sistemu trgovanja med stalnim spremljanjem takoj, ko je to mogoče, in sicer po prednostnem vrstnem redu, in lahko prilagodijo, postopoma ukinejo ali zaprejo sistem trgovanja, če je to potrebno.
Periodic review of the performance and capacity of the algorithmic trading systems
Redni pregled uspešnosti in zmogljivosti sistemov za algoritemsko trgovanje
Trading venues shall, in the context of the self-assessment to be performed in accordance with Article 2, evaluate the performance and capacity of their algorithmic trading systems and associated processes for governance, accountability, approval and business continuity arrangements.
Mesta trgovanja v okviru samoocene v skladu s členom 2 ovrednotijo uspešnost in zmogljivosti svojih sistemov za algoritemsko trgovanje ter povezanih postopkov za upravljanje, odgovornost, odobritev in ureditve neprekinjenega poslovanja.
As part of the evaluation referred to in paragraph 1, trading venues shall perform stress tests where they simulate adverse scenarios to verify the performance of the hardware, software and communications and identify the scenarios under which the trading system or parts of the trading system perform their functions with systems failures, outages or errors in matching transactions.
V okviru ocene iz odstavka 1 mesta trgovanja izvajajo stresne teste, kjer simulirajo neugodne scenarije, da bi preverila uspešnost strojne in programske opremo ter komunikacij ter opredelila scenarije, v okviru katerih sistem trgovanja ali deli sistema trgovanja izvajajo svoje funkcije s sistemskimi napakami, izpadi ali napakami pri usklajevanju poslov.
Stress tests shall cover all trading phases, trading segments and types of instruments traded by the trading venue and shall simulate members' activities with the existing connectivity set-up.
Stresni testi zajemajo vse faze trgovanja, segmente trgovanja in vrste instrumentov, s katerimi trguje mesto trgovanja, ter simulirajo dejavnosti članov z obstoječo obliko povezljivosti.
The adverse scenarios referred to in paragraph 2 shall be based on the following:
Neugodni scenariji iz odstavka 2 temeljijo na naslednjem:
an increased number of messages received, starting at the highest number of messages managed by the trading venue's system during the previous five years;
povečanem številu prejetih sporočil, ki se začne z najvišjim številom sporočil, ki jih je upravljal sistem trgovanja v preteklih petih letih;
unexpected behaviour of the trading venue's operational functions;
nepričakovanem delovanju operativnih funkcij mest trgovanja;
random combination of stressed and normal market conditions and unexpected behaviour of the trading venue's operational functions.
naključni kombinaciji stresnih in normalnih tržnih pogojev ter nepričakovanega delovanja operativnih funkcij mest trgovanja.
The evaluation of the performance and capacity of the trading venue described in paragraphs 1 to 4 shall be conducted by an independent assessor or by a department within the trading venue other than the one that holds the responsibility for the function that is being reviewed.
Oceno uspešnosti in zmogljivosti mesta trgovanja, opisano v odstavkih 1 do 4, izvede neodvisni ocenjevalec ali oddelek znotraj mesta trgovanja, razen tistega, ki je odgovoren za funkcijo, ki se pregleduje.
Trading venues shall take action to promptly and effectively remedy any deficiencies identified in the evaluation of the performance and capacity of the trading venue referred to in paragraphs 1 to 4 and shall keep record of the review and any remedy action taken in this respect for at least five years.
Mesta trgovanja sprejmejo ukrepe za hitro in učinkovito odpravljanje vseh pomanjkljivosti, odkritih pri ocenjevanju uspešnosti in zmogljivosti mesta trgovanja iz odstavkov 1 do 4, ter vsaj pet let vodijo evidenco pregleda in vseh ukrepov, ki so bili v zvezi s tem sprejeti za odpravljanje pomanjkljivosti.
Business continuity arrangements
Ureditve neprekinjenega poslovanja
Trading venues shall be able to demonstrate at all times that their systems have sufficient stability by having effective business continuity arrangements to address disruptive incidents.
Mesta trgovanja so v vsakem trenutku sposobna dokazati, da imajo njihovi sistemi zadostno stabilnost, in sicer tako da razpolagajo z učinkovitimi ureditvami neprekinjenega poslovanja, namenjenimi odpravljanju motenj.
The business continuity arrangements shall ensure that trading can be resumed within or close to two hours of a disruptive incident and that the maximum amount of data that may be lost from any IT service of the trading venue after a disruptive incident is close to zero.
Ureditve neprekinjenega poslovanja zagotavljajo, da se trgovanje lahko ponovno vzpostavi v dveh urah ali približno dveh urah od motnje in da je največja količina podatkov, ki se lahko izgubijo iz vsake službe IT mesta trgovanja po motnji, blizu nič.
Business continuity plan
Načrt neprekinjenega poslovanja
Trading venues shall, in the context of their governance and decision making framework in accordance with Article 3, establish a business continuity plan to implement effective business continuity arrangements provided for in Article 15.
Mesta trgovanja v okviru upravljanja in odločanja v skladu s členom 3 oblikujejo načrt neprekinjenega poslovanja za izvajanje učinkovitih ureditev neprekinjenega poslovanja iz člena 15.
The business continuity plan shall set out the procedures and arrangements for managing disruptive incidents.
V načrtu neprekinjenega poslovanja so določeni postopki in ureditve za upravljanje motenj.
The business continuity plan shall provide for the following minimum content:
Načrt neprekinjenega poslovanja zagotovi vsaj naslednjo vsebino:
a range of possible adverse scenarios relating to the operation of the algorithmic trading systems, including the unavailability of systems, staff, work space, external suppliers or data centres or loss or alteration of critical data and documents;
vrsto možnih neugodnih scenarijev v zvezi z delovanjem sistemov za algoritemsko trgovanje, vključno z nerazpoložljivostjo sistemov, osebja, delovnih prostorov, zunanjih dobaviteljev ali podatkovnih središč ali izgubo ali spremembo ključnih podatkov in dokumentov;
the procedures to be followed in case of a disruptive event;
postopke, ki jim je treba slediti v primeru motnje;
the maximum time to resume the trading activity and the amount of data that may be lost in the IT system;
najdaljši čas za ponovno vzpostavitev dejavnosti trgovanja in količino podatkov, ki se lahko izgubijo v sistemu IT;
procedures for relocating the trading system to a back-up site and operating the trading system from that site.
postopke za premestitev sistema trgovanja na rezervno lokacijo in vodenje sistema trgovanja s te lokacije.
back-up of critical business data including up-to-date information of the necessary contacts to ensure communication inside the trading venue, between the trading venue and its members and between the trading venue and clearing and settlement infrastructures;
hranjenje ključnih poslovnih podatkov, vključno s posodobljenimi informacijami potrebnih kontaktov, da se znotraj mesta trgovanja zagotovi komunikacija med mestom trgovanja in njegovimi člani ter med mestom trgovanja in infrastrukturami za kliring in poravnavo;
staff training on the operation of the business continuity arrangements;
usposabljanje osebja o delovanju ureditev neprekinjenega poslovanja;
assignment of tasks and establishment of a specific security operations team ready to react immediately after a disruptive incident;
razdelitev nalog in ustanovitev posebne skupine za varnostne operacije, ki se lahko odzove takoj po motnji;
an ongoing programme for testing, evaluation and review of the arrangements including procedures for modification of the arrangements in light of the results of that programme.
tekoči program za preizkušanje, ocenjevanje in pregled ureditev, vključno s postopki za spremembo ureditev v skladu z rezultati navedenega programa.
Clock synchronisation after a disruptive incident shall be included in the business continuity plan.
Usklajevanje ur po motnji se vključi v načrt neprekinjenega poslovanja.
Trading venues shall ensure that an impact assessment identifying the risks and consequences of disruption is carried out and periodically reviewed.
Mesta trgovanja zagotovijo, da se izvede in redno pregleduje ocena učinka, v kateri so opredeljena tveganja in posledice motnje.
For this purpose, any decision by the trading venue not to take into account an identified risk of unavailability of the trading system in the business continuity plan shall be adequately documented and explicitly approved by the management body of the trading venue.
V ta namen je vsaka odločitev mesta trgovanja, da ne upošteva ugotovljenega tveganja nerazpoložljivosti sistema trgovanja v načrtu neprekinjenega poslovanja, ustrezno dokumentirana in izrecno odobrena s strani upravljalnega organa mesta trgovanja.
Trading venues shall ensure that their senior management:
Mesta trgovanja zagotovijo, da njihovo višje vodstvo:
establishes clear objectives and strategies in terms of business continuity;
določi jasne cilje in strategije, kar zadeva neprekinjeno poslovanje;
allocates adequate human, technological and financial resources to pursue the objectives and strategies under point (a);
dodeli ustrezne človeške, tehnološke in finančne vire za uresničevanje ciljev in strategij v skladu s točko (a);
approves the business continuity plan and any amendments thereof necessary as a consequence of organisational, technological and legal changes;
odobri načrt neprekinjenega poslovanja in morebitne spremembe tega načrta, potrebne zaradi organizacijskih, tehnoloških in pravnih sprememb;
is informed, at least on a yearly basis, of the outcome of the impact assessment or any review thereof and of any findings concerning the adequacy of the business continuity plan;
je vsaj enkrat na leto obveščeno o rezultatih ocene učinka in vsaki reviziji te ocene ter o vseh ugotovitvah v zvezi z ustreznostjo načrta neprekinjenega poslovanja;
establishes a business continuity function within the organisation.
vzpostavi funkcijo neprekinjenega poslovanja znotraj organizacije.
The business continuity plan shall set out procedures to address any disruptions of outsourced critical operational functions, including where those critical operational functions become unavailable.
Načrt neprekinjenega poslovanja določa postopke za odpravo morebitnih motenj v ključnih operativnih funkcijah, oddanih v zunanje izvajanje, tudi takrat, ko te ključne operativne funkcije niso več na voljo.
Periodic review of business continuity arrangements
Reden pregled ureditev neprekinjenega poslovanja
Trading venues shall, in the context of their self-assessment in accordance with Article 2, test on the basis of realistic scenarios the operation of the business continuity plan and verify the capability of the trading venue to recover from disruptive incidents and to resume trading as set out in Article 15(2).
Mesta trgovanja v okviru svoje samoocene v skladu s členom 2 na podlagi realističnih scenarijev preizkusijo delovanje načrta neprekinjenega poslovanja in preverijo sposobnost mesta trgovanja, da po motnjah okreva in ponovno vzpostavi trgovanje, kakor je navedeno v členu 15(2).
Trading venues shall, where considered necessary, having regard to the results of the periodic review in accordance with paragraph 1, ensure that a review of their business continuity plan and arrangements is carried out by either an independent assessor or a department within the trading venue other than the one responsible for the function under review.
Če se mestom trgovanja zdi potrebno, ob upoštevanju rezultatov rednega pregleda v skladu z odstavkom 1 zagotovijo, da neodvisni ocenjevalec ali oddelek znotraj mesta trgovanja, razen tistega, ki je odgovoren za funkcijo, ki se pregleduje, izvede pregled njihovega načrta in ureditev neprekinjenega poslovanja.
The results of the testing activity shall be documented in writing, stored and submitted to the trading venue's senior management as well as to the operating units involved in the business continuity plan.
Rezultati preizkušanja se dokumentirajo v pisni obliki, shranijo in predložijo višjemu vodstvu mesta trgovanja ter operativnim enotam, vključenim v načrt neprekinjenega poslovanja.
Trading venues shall ensure that testing of the business continuity plan does not interfere with normal trading activity.
Mesta trgovanja zagotovijo, da preizkušanje načrta neprekinjenega poslovanja ne moti normalne dejavnosti trgovanja.
Prevention of disorderly trading conditions
Preprečevanje neurejenih pogojev trgovanja
(Article 48(4), (5) and (6) of Directive 2014/65/EU)
(člen 48(4), (5) in (6) Direktive 2014/65/EU)
Trading venues shall have at least the following arrangements in place to prevent disorderly trading and breaches of capacity limits:
Mesta trgovanja imajo vzpostavljene vsaj naslednje ureditve za preprečevanje neurejenega trgovanja in kršitve omejitev zmogljivosti:
limits per member of the number of orders sent per second;
omejitve števila naročil, ki jih član lahko pošlje na sekundo;
mechanisms to manage volatility;
mehanizme za obvladovanje nestanovitnosti;
pre-trade controls.
kontrole pred trgovanjem.
For the purposes of paragraph 1, trading venues shall be able to:
Za namene odstavka 1 lahko mesta trgovanja:
request information from any member or user of sponsored access on their organisational requirements and trading controls;
zahtevajo informacije od katerega koli člana ali uporabnika sponzoriranega dostopa o njegovih organizacijskih zahtevah in kontrolah trgovanja;
suspend a member's or a trader's access to the trading system at the initiative of the trading venue or at the request of that member, a clearing member, the CCP, where provided for in the CCP's governing rules, or the competent authority;
začasno prekličejo dostop člana ali trgovca do sistema trgovanja na pobudo mesta trgovanja ali na zahtevo navedenega člana, klirinškega člana, CNS, če tako določajo pravila, ki urejajo CNS, ali pristojnega organa;
operate a kill functionality to cancel unexecuted orders submitted by a member, or by a sponsored access client under the following circumstances:
uporabijo mehanizem za izklop v sili, da bi preklicala neizvršena naročila, ki jih predloži član ali stranka s sponzoriranim dostopom v naslednjih okoliščinah:
upon request of the member, or of the sponsored access client where the member, or client is technically unable to delete its own orders;
na zahtevo člana ali stranke s sponzoriranim dostopom, če član ali stranka iz tehničnih razlogov ne more sama izbrisati svojih naročil;
where the order book contains erroneous duplicated orders;
kadar knjiga naročil vsebuje napačno podvojena naročila;