Q&A · ESMA
ADNT - Liquidity band
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
Until ESMA or the competent authority publishes an instrument's average daily number of trades, all venues should apply the highest liquidity band (ADNT of 9,000 or more) for tick sizes; published figures apply from the next day.
Details
| Reference | ESMA_QA_1630 |
|---|---|
| Issuer | ESMA |
| Published | 28 Mar 2018 |
| Answered | 28 Mar 2018 |
| Submitted | 28 Mar 2018 |
| ESMA topics | Tick size regime |
| Earlier Q&A document | ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 4.8 |
Provisions it relates to
- Article 49 MiFID II · Tick sizesInferred · 90%
- MiFID II (whole act)Explicit reference