ESMA_QA_1630

28/03/2018

Subject Matter

ADNT - Liquidity band

Original question

If the ADNT for an instrument is not available, which liquidity band should trading venues apply until the ADNT is published by NCA or ESMA? When can the trading venue proceed to adopt such a liquidity band?

ESMA Answer

28-03-2018

Original language

This question was deleted on 21 October 2026.

Status: Published Answer Updated

Additional Information

Level 1 Regulation

Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets

Topic

Tick size regime