Article 5 Impact on market liquidity and efficiency
In determining whether a market practice proposed to be established as an AMP complies with the criterion set out in point (c) of Article 13(2) of Regulation (EU) No 596/2014, competent authorities shall assess the impact the market practice has on at least the following elements:
(a) volume traded;
(b) number of orders in the order book (order depth);
(c) speed of execution of the transactions;
(d) volume weighted average price of a single session, daily closing price;
(e) bid/offer spread, price fluctuation and volatility;
(f) regularity of quotations or transactions.