Consultation on trading obligation for derivatives under MiFIR

Consultation on trading obligation for derivatives under MiFIR

from 19 June 2017 to 31 July 2017


Responding to this paper

ESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1. Comments are most helpful if they:

  1. respond to the question stated;
  2. indicate the specific question to which the comment relates;
  3. contain a clear rationale; and
  4. describe any alternatives ESMA should consider.

ESMA will consider all comments received by 31 July 2017.

All contributions should be submitted online at under the heading ‘Your input - Consultations’.

Publication of responses

All contributions received will be published following the close of the consultation, unless you request otherwise. Please clearly and prominently indicate in your submission any part you do not wish to be publically disclosed. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. A confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by ESMA’s Board of Appeal and the European Ombudsman.

Data protection

Information on data protection can be found at under the heading Legal Notice.

Who should read this paper

All interested stakeholders are invited to respond to this consultation paper. In particular, responses are sought from trading venues and from counterparties trading OTC-derivatives that may become subject to the trading obligation.

Documents available for this Consultation
19/06/2017ESMA70-156-71Consultation paper trading obligation for derivatives under MiFIR
19/06/2017ESMA70-156-166Response template consultation trading obligation MiFIR


Activity Institution Download
Asset Management ICI Global
Asset Management BVI
Asset Management The Investment Association
Asset Management Alternative Investment Management Association (AIMA)
Asset Management Amundi
Asset Management The Securities Industry and Financial Markets Association’s Asset Management Group
Asset Management Citadel LLC
Banking European Savings and Retail Banking Group
Banking OP Financial Group
Banking National Association of German Cooperative Banks
Banking European Banking Federation
Banking Intesa Sanpaolo Spa
Banking Barclays
Banking Association of German Banks
Banking Association of German Public Banks, VÖB
Banking Building Societies Association
Insurance and Pension German Insurance Association (GDV)
Investment Services Managed Funds Association
Investment Services Nordic Securities Association
Regulated markets Eurex (Deutsche Börse Group)
Exchanges and Trading Systems WMBA
Others International Swaps and Derivatives Association
Others IHS Markit
Others AMAFI and FBF
Regulated markets, exchanges & trading systems NEX
Regulated markets, exchanges & trading systems Bloomberg
Regulated markets, exchanges & trading systems Tradeweb Europe Limited
Fintech Clarus Financial Technology