1. European
  2. ESMA - European Securities and Markets Authority
  3. Guidelines
  4. 2016
Date-stamp loading
  1. Guidelines - Transaction reporting, order record keeping and clock synchronisation under MiFID II (updated 7 August 2017) (ESMA/2016/1452)
  2. 6 Guidelines on order record keeping
  3. Part I - General principles
  4. 6.10 Validity period (Field 10)
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Version date: 10 October 2016 - onwards

6.10 Validity period (Field 10)

6.10.1 Good-For-Day (DAVY) flag

Example 123

Investment Firm X submits an order for execution to Trading Venue M with the Good-For-Day (DAVY) flag on 16 January 2018.

6.10.2 Combination of two validity period flags: Good-After-Date (GADV) and Good- Till-Date (GTDV)

Example 124

Investment Firm X submits an order for execution to Trading Venue M with the Good-After-Date (GADV) and Good-Till-Date (GTDV) flags on 16 January 2018 at 10:05:32.278932(UTC). On submission, the validity period should be GADV and the validity period date and time should be 19 January 2018 with the time recorded as 00:00:00 (with fraction of seconds recorded as per Article 50 MiFID II) or for the start of trading on that Trading Venue (Event 1). On 19 January 2018, the validity period should be GTDV and the validity period date and time should be 13 February 2018 with the time recorded as 23:59:59 (with fraction of seconds recorded as per Article 50 MiFID II) (Event 2).

Event 1: Submitting the order for execution

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