ESMA updates DVC data for MiFID II
08 June 2018 Paris
Image: Shutterstock
The European Securities and Markets Authority (ESMA) has updated its public register with the latest set of double volume cap (DVC) data under the Markets in Financial Instruments Directive (MiFID II).
The updates include DVC data and calculations for the period of 1 May 2017 to 30 April 2018, as well as updates to already published DVC periods.
The number of new breaches is 52 equities for the 8 percent cap, applicable to all trading venues, and 7 equities for the 4 percent cap, that applies to individual trading venues.
Trading under the waivers for all new instruments in breach of the DVC thresholds should be suspended from 12 June 2018 to 12 December 2018.
The instruments for which caps already existed from previous periods will continue to be suspended.
In addition, ESMA has stated some trading venues in the meantime have submitted corrected data that affects past DVC publications. For a limited number of two instruments, this means that previously identified breaches of the 8 percent and 4 percent caps prove to be incorrect.
For these instruments, the suspensions of trading under the waivers should be lifted.
ESMA said that as of 7 June, there is a total of 932 instruments suspended.
The updates include DVC data and calculations for the period of 1 May 2017 to 30 April 2018, as well as updates to already published DVC periods.
The number of new breaches is 52 equities for the 8 percent cap, applicable to all trading venues, and 7 equities for the 4 percent cap, that applies to individual trading venues.
Trading under the waivers for all new instruments in breach of the DVC thresholds should be suspended from 12 June 2018 to 12 December 2018.
The instruments for which caps already existed from previous periods will continue to be suspended.
In addition, ESMA has stated some trading venues in the meantime have submitted corrected data that affects past DVC publications. For a limited number of two instruments, this means that previously identified breaches of the 8 percent and 4 percent caps prove to be incorrect.
For these instruments, the suspensions of trading under the waivers should be lifted.
ESMA said that as of 7 June, there is a total of 932 instruments suspended.
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