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ARTICLE · 10 OCTOBER 2018

New Data Completeness Indicators To Be Published For EU Trading Venues

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On September 27, 2018, ESMA announced that it will publish two new data completeness indicators for trading venues, detailing how venues are performing on the delivery ...

European UnionFinance and Banking
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On September 27, 2018, ESMA announced that it will publish two new data completeness indicators for trading venues, detailing how venues are performing on the delivery of Double Volume Cap and bond liquidity data in compliance with their obligations under MiFIR. ESMA has been working with national regulators to improve the timeliness and completeness of the data underpinning the monthly DVC and quarterly bond liquidity assessment publications. ESMA believes that the new indicators will incentivize trading venues to provide timely and complete data. For both DVC and bond liquidity data, ESMA will introduce the following completeness indicators:

  1. The Completeness Ratio, to provide information on the completeness of each particular venue, irrespective of the performance of other venues.

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