Article 5 — Impact on market liquidity and efficiency

In determining whether a market practice proposed to be established as an AMP complies with the criterion set out in point (c) of Article 13(2) of Regulation (EU) No 596/2014, competent authorities shall assess the impact the market practice has on at least the following elements:
(a) volume traded; (b) number of orders in the order book (order depth); (c) speed of execution of the transactions; (d) volume weighted average price of a single session, daily closing price; (e) bid/offer spread, price fluctuation and volatility; (f) regularity of quotations or transactions.