After Delays, Esma Publishes Double Volume Cap Data

European regulator sends a message to the market that Mifid II will be enforced with this data release, experts say.

dark-pool-double-volume-cap
Getty Images

The European Securities and Markets Authority (Esma) published the data on March 7, giving national regulators two days to ensure that those stocks that breached pre-set limits have waivers to trade off-exchange restricted.

Under the DVC, the thresholds are breached if more than 4 percent of trading in a name takes place on a single venue, or if more than 8 percent of trading takes place on dark, or anonymous venues. The rules have been put in place, Esma says, to protect price formation.

“755

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: