Q&A · ESMA
Transparency - fees
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
Data that trading venues and APAs must make free 15 minutes after publication should replicate the commercial data, delayed, and reach end users directly; venues may not charge redistribution fees to third parties passing that data on free of charge, but may charge those who charge for it, and may charge for historic data as an added-value service.
Details
| Reference | ESMA_QA_1553 |
|---|---|
| Issuer | ESMA |
| Published | 16 Oct 2024 |
| Answered | 15 Nov 2017, 16 Oct 2024 |
| Submitted | 15 Nov 2017 |
| ESMA topics | Non-equity transparency |
| Earlier Q&A document | ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 2.9 |
Provisions it relates to
- Article 13 MiFIR · Obligation to make pre-trade and post-trade data available on a reasonable commercial basisESMA rulebook
- MiFIR (whole act)Explicit reference