Q&A · ESMA
Liquidity band for instruments trading in different currencies across trading venues
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
An instrument's liquidity band for tick sizes applies whatever the currency in which it is quoted on different trading venues, and stays until a periodic or ad hoc review assigns a new band.
Details
| Reference | ESMA_QA_1627 |
|---|---|
| Issuer | ESMA |
| Published | 18 Nov 2016 |
| Answered | 18 Nov 2016 |
| Submitted | 18 Nov 2016 |
| ESMA topics | Tick size regime |
| Earlier Q&A document | ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 4.4 |
Provisions it relates to
- Article 49 MiFID II · Tick sizesInferred · 90%
- MiFID II (whole act)Explicit reference