ESMA Q&A 1573 — Q&A — Minimum size of orders held in an order management [Answer Published]

Minimum size of orders held in an order management facility for non-equity financial instruments

Question

How should the minimum size of orders held in an order management facility of a trading venue pending disclosure be calculated for non-equity instruments?

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Answer

[ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 5.12]

For the purpose of Article 4(2)(a) of RTS 2 the minimum size of orders held in an order management facility of a trading venue pending disclosure should be calculated according to Table 4 of Annex II of RTS 2 except for emission allowances and emission allowance derivatives for which the notional amount of traded contracts should be used. Please also refer to Q&A 1571 in the Non-equity transparency section of this document.

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Source: ESMA original document