ESMA updates bonds transparency calculations for MiFID II/MiFIR

MiFID Firms

Date: 04 May 2018

On 18th April 2018, the European Securities and Markets Authority (ESMA) updated its MiFID II/ MiFIR transitional transparency calculations (TTC) for bonds.

The update relates to the liquidity assessment for bond instruments except for ETCs and ETNs. Trading venues are expected to apply the new results from 23 April 2018.