2024-12-16
Added · Updated
ESMA submitted a final report to the European Commission proposing amendments to RTS 1 and technical advice on the definition of liquid markets for equity instruments. The proposals replace the free-float metric with market capitalisation for liquidity assessments and decommission the FITRS and DVC systems to reduce reporting burdens. Additionally, the report specifies pre-trade transparency requirements for trading venues and Systematic Internalisers, including new quoting size calibrations based on average transaction values.
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