Q&A · ESMA

Data disaggregation

Answered

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AI-generated Summary

Anyone, user of the venue or not, may request disaggregated market data under RTS 14, in any form that clearly asks for it; venues need only provide it on request, on reasonable commercial terms with non-discriminatory technical requirements, and must respond as quickly as practicable and no slower than to requests for bundled data.

Details

Reference	ESMA_QA_1594
Issuer	ESMA
Published	18 Nov 2016
Answered	18 Nov 2016
Submitted	18 Nov 2016
ESMA topics	Data reporting services providers
Earlier Q&A document	ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 2.2

Provisions it relates to

Article 12 MiFIR · Obligation to make pre-trade and post-trade data available separately
MiFIR
Inferred · 90%
MiFIR (whole act)
Explicit reference

Documents it refers to

RTSIn forceExplicit reference
Commission Delegated Regulation (EU) 2017/572 of 2 June 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards on the specification of the offering of pre-and post-trade data and the level of disaggregation of data
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryRTS requiring trading venues to offer pre- and post-trade transparency data unbundled, disaggregated by asset class, country of issue, trading currency, and scheduled auctions versus continuous trading, and to offer any combination of those criteria on a reasonable commercial basis.