Guidelines · ESMA
Guidelines Calibration of circuit breakers and publication of trading halts under MiFID II
Published
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ESMA guidelines (ESMA70-872942901-63), applying from 3 January 2018, for trading venues that allow or enable algorithmic trading on calibrating volatility mechanisms (circuit breakers) under Article 48(5) MiFID II, including the parameters to consider and periodic review, and on communicating trading halts to the market.
Details
| Reference | ESMA70-872942901-63 |
|---|---|
| Issuer | ESMA |
Provisions it relates to
- Article 48 MiFID II · Systems resilience, circuit breakers and electronic tradingESMA rulebook