ESMA issues latest double volume cap data
10 January 2019 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 number of new breaches is 53—40 equities for the eight percent cap, applicable to all trading venues, and 13 equities for the four percent cap, which applies to individual trading venues.
Trading under the waivers for all new instruments in breach of the DVC thresholds should be suspended from 14 January 2019 to 13 July 2019.
ESMA stated: “The instruments for which caps already existed from previous periods will continue to be suspended.”
In addition, ESMA highlighted that some trading venues have submitted corrected data that affects past DVC publications.
For two instruments, this means that the previously identified breach of the cap proved to be incorrect and the suspensions of trading under the waivers should be lifted.
As of 9 January, there is a total of 625 instruments suspended.
The number of new breaches is 53—40 equities for the eight percent cap, applicable to all trading venues, and 13 equities for the four percent cap, which applies to individual trading venues.
Trading under the waivers for all new instruments in breach of the DVC thresholds should be suspended from 14 January 2019 to 13 July 2019.
ESMA stated: “The instruments for which caps already existed from previous periods will continue to be suspended.”
In addition, ESMA highlighted that some trading venues have submitted corrected data that affects past DVC publications.
For two instruments, this means that the previously identified breach of the cap proved to be incorrect and the suspensions of trading under the waivers should be lifted.
As of 9 January, there is a total of 625 instruments suspended.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
