ESMA Lists Derivatives To Be Traded On-Venue
Certain derivatives need to traded on a venue under new regulations.
The European Securities and Markets Authority (ESMA) has published a public register of those derivative contracts that are subject to the trading obligation under the Markets in Financial Instruments Regulation (MiFIR).
MiFIR applies since 3 January 2018, and the trading obligation is further specified in Commission Delegated Regulation (EU) 2017/2417.
The register provides clarity to market participants on the application of the trading obligation under MiFIR and in particular on:
- the classes of derivatives subject to the trading obligation;
- the trading venues on which those derivatives can be traded; and
- the dates on which the obligation takes effect per category of counterparties
- The public register will be updated in case of changes, such as when new trading venues offer trading in the derivatives subject to the trading obligation.
Should ESMA envisage to include more derivatives in the scope of MiFIR’s trading obligation going forward, it will consult market participants prior to doing so.
The regulator is eager to put Dodd-Frank's mandates behind it.
Users can access real-time Bitcoin, Ether, Bitcoin Cash and Litecoin data.
EU wants systematically important clearing houses to relocate after Brexit.
MiFID II aims to shift OTC trading to more transparent venues.
The derivative platform closed its second funding round this month.