Displaying 1276 - 1280 of 1581
ESMA_QA_1652
Topic
Multilateral and bilateral systems
03/04/2017
Subject Matter
Organized Trading facilities OTFs
Question
Does discretion have to be exercised on an order by order basis?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_1601
Topic
Direct Electronic Access and algorithmic trading
03/04/2017
Subject Matter
High-Frequency Trading (HFT) technique - Identification and authorisation
Question
How should the identification and authorisation take place for those firms applying a High-Frequency Trading (HFT) technique?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_1651
Topic
Multilateral and bilateral systems
03/04/2017
Subject Matter
Organized Trading facilities OTFs
Question
Does the exercise of any form of discretion mean that a venue is an OTF?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_1650
Topic
Multilateral and bilateral systems
03/04/2017
Subject Matter
Organized Trading facilities OTFs
Question
When an investment firm operates an OTF, at which level should the best execution policy be set? At the level of the investment firm, at the level of the OTF or both? Would similar requirements apply to a market operator operating an OTF?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_1649
Topic
Multilateral and bilateral systems
03/04/2017
Subject Matter
Organized Trading facilities OTFs
Question
Under which conditions can an OTF connect to other liquidity pools such as an SI or another OTF?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets