# ANNEX III **Commission Delegated Regulation (EU) 2023/944 · binding · OJ L 131, 16.5.2023 · dated 17 Jan 2023 [in force]** *In force · Commission Delegated Regulation (EU) 2023/944, OJ L 131, 16.5.2023 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_del/2023/944/oj/eng)* ‘ANNEX IV Data to be provided for the purpose of determining the Most Relevant Market in terms of liquidity, the ADT and the AVT Table 1 Symbol table
SymbolData TypeDefinition
{ALPHANUM-n}Up to n alphanumerical charactersFree text field
{ISIN}12 alphanumerical charactersISIN code, as defined in ISO 6166
{MIC}4 alphanumerical charactersMarket identifier as defined in ISO 10383
{DATEFORMAT}ISO 8601 date formatDates shall be formatted by the following format: YYYY-MM-DD.
{DECIMAL-n/m}Decimal number of up to n digits in total of which up to m digits can be fraction digits

Numerical field for both positive and negative values.

decimal separator is “.” (full stop);

negative numbers are prefixed with “–” (minus);

values are rounded and not truncated.

{INTEGER-n}Integer number of up to n digitsNumerical field for both positive and negative integer values.
Table 2 Details to be provided for the purpose of determining the Most Relevant Market in terms of liquidity, the ADT and the AVT (based on the current reporting instructions)
Field numField identifierDescription and details to be publishedType of execution or publication venueFormat to be populated as defined in Table 1
1Instrument identification codeCode used to identify the financial instrument

Regulated Market (RM)

Multilateral Trading Facility (MTF)

Approved Publication Arrangement (APA)

Consolidated tape provider (CTP)

{ISIN}
2Execution dateDate on which the trades are executed.RM, MTF, APA, CTP{DATEFORMAT}
3Execution venue

Segment MIC for the EU trading venue or systematic internaliser, where available, otherwise operating MIC.

MIC XOFF in the case the transaction is executed by investment firms which are not systematic internalisers and is not executed on a trading venue.

RM, MTF, APA, CTP{MIC} – of the trading venue or systematic internaliser or {MIC}- XOFF’
4Suspended instrument flag

Indicator of whether the instrument was suspended for the whole trading day on the respective TV on the execution date.

As a consequence of an instrument being suspended for the whole trading day, fields 5 to 10 shall be reported with a value of zero.

RM, MTF, CTP

TRUE - if the instrument was suspended for the whole trading day

or FALSE – if the instrument was not suspended for the whole trading day

5Total number of transactionsThe total number of transactions executed on the execution date.RM, MTF, APA, CTP{INTEGER-18}
6Total turnoverThe total turnover executed on the execution date, expressed in EUR.RM, MTF, APA, CTP{DECIMAL-18/5}
7Transactions executed, excluding all transactions executed under pre-trade waivers of Article 4(1), points (a), (b) and(c), of Regulation (EU) No 600/2014.The total number of transactions executed on the execution date excluding all transactions executed under pre-trade waivers of Article 4(1), points (a), (b) and (c), of Regulation (EU) No 600/2014 on the same day.RM, MTF, CTP{INTEGER-18}
8Total turnover executed, excluding all transactions executed under pre-trade waivers of Article 4(1), points (a), (b) and (c), of Regulation (EU) No 600/2014.The total turnover executed on the execution date excluding all transactions executed under pre-trade waivers of Article 4(1), points (a), (b) and (c), of Regulation (EU) No 600/2014 on the same day.RM, MTF, CTP{DECIMAL-18/5}
9Total number of transactions excluding those executed under the post-trade LIS deferral.

Total number of transactions executed on the execution date, excluding those transactions executed under Large-In-Scale waiver (post-trade).

For shares and depositary receipts only the highest threshold for the related average daily turnover (ADT) band in Table 4 of Annex II shall be used to identify those transactions.

For certificates and other similar financial instruments only the highest threshold in Table 6 of Annex II shall be used to identify those transactions

For ETFs only the highest threshold in Table 5 of Annex II shall be used to identify those transactions.

RM, MTF, APA, CTP{INTEGER-18}
10Total turnover executed, excluding transactions executed under the post-trade LIS deferral.

Total volume of transactions executed on the execution date, excluding those transactions executed under Large-In-Scale waiver (post-trade).

For shares and depositary receipts only the highest threshold for the related average daily turnover (ADT) band in Table 4 of Annex II shall be used to identify those transactions.

For certificates and other similar financial instruments only the highest threshold in Table 6 of Annex II shall be used to identify those transactions

For ETFs only the highest threshold in Table 5 of Annex II shall be used to identify those transactions.

RM, MTF, APA, CTP{DECIMAL-18/5}
(*1)