Displaying 1201 - 1205 of 1445
ESMA_QA_1517
Topic
Position limits
19/12/2016
Subject Matter
Non-EU entities above position limits
Question
How should non-EU entities with positions above the limits be treated? Do they have access to exemptions, and if so, when and how do they apply to the relevant NCA?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_1516
Topic
Position limits
19/12/2016
Subject Matter
Economically Equivalent OTC contracts
Question
What is a lot in the case of Economically Equivalent OTC contracts (EEOTC)?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_1515
Topic
Position limits
19/12/2016
Subject Matter
Applicability of position limits
Question
Are position limits applicable only at the end of each trading day or also throughout the trading day?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_1599
Topic
Direct Electronic Access and algorithmic trading
19/12/2016
Subject Matter
Automated Order Router (AOR) and algorithmic trading
Question
Can a functionality be considered as an Automated Order Router (AOR) if it submits the same order to several trading venues? Would that qualify as algorithmic trading?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_1598
Topic
Direct Electronic Access and algorithmic trading
19/12/2016
Subject Matter
Algorithmic trading
Question
If an investment firm (firm A) merely transmits a client’s order for execution to another investment firm (firm B) who uses algorithmic trading, is investment firm A engaged in algorithmic trading?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets