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7. Under the current MiFID framework, Article 17 of Regulation 1287/2006 requires an investment firmor market operator operating an MTF or a regulated market to make public certain information. Table1, Annex II of Regulation 1287/2006 (see below) includes a description of each type of trading systemand the summary of information to be made public.Type of system Description of system Summary of informationto be madepublic, in accordancewith Article 17Continuous auctionorder book tradingsystemQuote-driven tradingSystemPeriodic auction tradingSystemTrading system notcoveredby first threerowsA system that by means ofan order book and a tradingalgorithm operated withouthuman intervention matchessell orders with matchingbuy orders on the basis ofthe best available price on acontinuous basis.A system where transactionsare concluded on the basisof firm quotes that arecontinuously made availableto participants, which requiresthe market makers tomaintain quotes in a sizethat balances the needs ofmembers and participantsto deal in a commercial sizeand the risk to which themarket maker exposes itself.A system that matchesorders on the basis of aperiodic auction and atrading algorithm operatedwithout human intervention.A hybrid system falling intotwo or more of the firstthree rows or a systemwhere the price determinationprocess is of a differentnature than that applicableto the types of system coveredby first three rows.The aggregate number oforders and the shares theyrepresent at each price level,for at least the five best bidand offer price levels.The best bid and offer byprice of each market makerin that share, together withthe volumes attaching tothose prices.The price at which the auctiontrading system wouldbest satisfy its tradingalgorithm and the volumethat would potentially beexecutable at that price.Adequate information as tothe level of orders or quotesand of trading interest; inparticular, the five best bidand offer price levelsand/or two-way quotes ofeach market maker in theshare, if the characteristicsof the price discoverymechanism so permit.Table 1: Annex II, Table 1, MiFID Regulation 1287/200649