The European Securities and Markets Authority (ESMA), the EU’s Securities Markets Authority, has today made available new data for bonds subject to the pre- and post-trade requirements of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) through its data register.
ESMA published the latest quarterly liquidity assessment for bonds available for trading on EU trading venues. For this period, there are currently 499 liquid bonds subject to MiFID II transparency requirements.
Available ✅ new data for #bonds subject to the pre-and post-trade requirements of #MIFID and #MIFIR
▪️ via #ESMA data ®️egister
▪️ 499 liquid bonds
▪️ 2 completeness indicators
▪️ transparency requirements for bonds will apply 16 Nov. 2020 – 15 Feb 2021https://t.co/SFiZLqTsby pic.twitter.com/vJyG5Cd4XS— ESMA – EU Securities Markets Regulator ?? (@ESMAComms) October 30, 2020
ESMA’s liquidity assessment for bonds is based on a quarterly assessment of quantitative liquidity criteria, which includes the daily average trading activity (trades and notional amount) and the percentage of days traded per quarter. ESMA updates the bond market liquidity assessments quarterly. However, additional data and corrections submitted to ESMA may result in further updates within each quarter, published in ESMA’s Financial Instruments Transparency System (FITRS), which shall be applicable the day following publication.
The full list of assessed bonds will be available through FITRS in the XML files with publication date from 30 October 2020 (here) and through the Register web interface (here).
As usual, ESMA is also publishing two completeness indicators related to bond liquidity data.
The transparency requirements for bonds deemed liquid today will apply from 16 November 2020 to 15 February 2021.
Source: ESMA
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
They will be the first contracts to help manage risk via an intercommodity spread with Treasury futures.
-
The tokenized fund launched by BlackRock has helped boost the total.
-
FINRA has begun disseminating individual transactions in active U.S. Treasuries at the end of the day.
-
Tokenization of real world assets is estimated to reach $20 trillion by 2030.
-
The hub has up to 150 data points on more than 14,000 listed GSSS bonds from over 3,000 issuers worldwide.