MiFID II: ESMA publishes data for the systematic internaliser calculations for equity, equity-like instruments, bonds and other non-equity instruments
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published data for the systematic internaliser quarterly calculations for equity, equity-like instruments, bonds and for other non-equity instruments under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
ESMA published, on a voluntary basis, the total number of trades and total volume over the period April-September 2020 for the purpose of the systematic internaliser (SI) calculations under MiFID II for:
- 22,022 equity and equity-like instruments;
- 120,876 bonds; and
- 5,907 sub-classes of derivatives (including equity derivatives, interest rate derivatives, commodity derivatives, C10 derivatives, emission allowance and derivatives thereof and contracts for difference (CFDs)).
The SI test shall be performed by 15 November 2020.
The data is made available through the SI register in excel files and for equity, equity-like instruments and bonds also through FITRS in the XML files with publication date 30 October 2020 (here).
The results for equity and equity-like instruments and bonds are published only for instruments for which trading venues submitted data for at least 95% of all trading days over the 6-month observation period. The data publications also incorporate OTC trading to the extent it has been reported to ESMA. The publication includes data for instruments traded or available for trading during the reference period considered.