ESMA_QA_1692
Topic
ESMA70-1861941480-56 Questions and Answers on MiFIR reporting
07/07/2017
Subject Matter
Field 30 - Quantity
Question
How shall Field 30 (Quantity) in Commission Delegated Regulation (EU) 2017/590 Annex I Table 2 be reported for a transaction where there have previously been acquisitions or disposals that are excluded from the meaning of a transaction? For example, a decrease in notional amount in a financial instrument which has previously had pre-determined contractual down payments exempted from transaction reporting under Commission Delegated Regulation (EU) 2017/590 Article 2(5)(j)?
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- MDP
ESMA_QA_1617
Topic
Direct Electronic Access and algorithmic trading
07/07/2017
Subject Matter
Under which circumstances a trading venue may cancel, vary or correct a transaction?
Question
Under which circumstances a trading venue may cancel, vary or correct a transaction?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_1616
Topic
Direct Electronic Access and algorithmic trading
07/07/2017
Subject Matter
Trading venues - maximum bid-ask ranges for all instruments traded on venues or only for instruments with market making scheme
Question
Article 1(2)(d) of RTS 8 establishes that quotes shall be deemed to have competitive prices where they are posted at or within the maximum bid-ask range set by the trading venue. Does this mean that trading venues have to have published maximum bid-ask ranges for all instruments traded on their venues or only for the instruments on which they have a market making scheme in place?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_1615
Topic
Direct Electronic Access and algorithmic trading
07/07/2017
Subject Matter
Order to Trade Ratio (OTR)
Question
In terms of the Order to Trade Ratio (OTR), how should a trading venue tackle cases where a market participant has executed no trades after the submission of a high number of orders?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_1614
Topic
Direct Electronic Access and algorithmic trading
07/07/2017
Subject Matter
Trading venues - OTRs
Question
Could trading venues set out different OTRs for different types of market participants (e.g. firms engaged in a market making scheme)?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets