ESMA has opened a public consultation on draft regulatory technical standards (RTS) regarding the treatment of package orders under the amended MiFID II/MIFIR. Asset class-specific criteria have been developed for a few classes, including credit derivatives.
MIFIR's pre-trade transparency regime requires that trading interest in all non-equity instruments is disclosed, with certain exceptions if there is not a liquid market for the package order as a whole.
Not yet registered? Join today to access SCI Content.