MiFID II/MiFIR: Further information on the implementation of regulatory requirements

Release date: 06 Dec 2017

131/2017 MiFID II/MiFIR: Further information on the implementation of regulatory requirements

With regards to Xetra Release 17.0 introduced on 20 November 2017 and Xetra T7 Release 6.0 introduced on 4 December 2017, this circular provides further information regarding the following topics:

 

I. Market-making agreement according to MiFID II/MiFIR:

Admission as a Market Maker, minimum requirements, performance reports, Designated Sponsors

 

1. Minimum requirements for admitted Market Makers

2. Introduction of performance reports for Market Makers and additional performance reports in .csv format for Designated Sponsors

3. Usage of the eListing Tool for registration of instruments for a market-making strategy

 

II. Direct Market Access (DMA)

III. Obligation to notify algorithmic trading

IV. Deactivation of MiFID I transparency service

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