Q&A · ESMA
Algorithmic trading - OTC trading
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
The algorithmic trading requirements in Article 17 MiFID II cover trading on trading venues only, so electronic OTC activity, such as algorithms generating quotes sent bilaterally to clients, is outside them.
Details
| Reference | ESMA_QA_1604 |
|---|---|
| Issuer | ESMA |
| Published | 3 Apr 2017 |
| Answered | 3 Apr 2017 |
| Submitted | 3 Apr 2017 |
| ESMA topics | Direct Electronic Access and algorithmic trading |
| Earlier Q&A document | ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 3.8 |
Provisions it relates to
- Article 17 MiFID II · Algorithmic tradingInferred · 95%
- MiFID II (whole act)Explicit reference