The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published updated opinions on post-trade transparency and position limits under MiFID II and MiFIR following its assessment of over 200 third-country trading venues (TCTV) against criteria published in opinions in 2017.
Following the publication of the opinions in 2017 ESMA received requests to assess more than 200 TCTVs against the criteria set out in these opinions. It has now finalised the review of the information provided by TCTVs for which the assessment is expected to be relevant, and is publishing:
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an updated opinion related to post-trade transparency and its annex with the list of venues with a positive or partially positive assessment; and
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an updated opinion related to position limits and its annex with the list of venues with a positive assessment.
Opinion on post-trade transparency
The annex to the opinion on post-trade transparency includes a list of 136 venues from 25
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