ESMA updates bonds transparency calculations for MiFID II/MiFIR

18 April 2018

MiFID – Secondary Markets

The European Securities and Markets Authority (ESMA) has updated today its MiFID II/ MiFIR transitional transparency calculations (TTC) for bonds.

The update relates to the liquidity assessment for bond instruments except for ETCs and ETNs. Trading venues are expected to apply the new results from 23 April 2018.