ESMA Q&A 1593 — Q&A — Data disaggregation [Answer Published]

Data disaggregation

Question

Will disaggregation be required at the level of the market operator or at the level of each trading venue?

---

Answer

[ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 2.1]

Disaggregation is required at the level of each trading venue for which the market operator or investment firm operating a trading venue has received a specific authorisation under MiFID II.

---

Source: ESMA original document