EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/4.II.2.4.2:4.II.2.4.2 Definition of large in scale-orders

EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/4.II.2.4.2

4.II.2.4.2 Definition of large in scale-orders

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

Under MiFID I NCAs were only permitted to grant the large in scale waiver for orders in shares that were considered large in scale compared with the normal market size. An order was considered to be large in scale compared with the normal market size if it was equal to or larger than a minimum size of orders specified in a MiFID I-table.1 The MiFID I-table provided five categories in which (a) the average daily turnover of the share was considered (b) in proportion to the minimum size of the order.2 The higher the average daily turnover, the higher the minimum size of the order needed to be in order to fall within one of the categories considered to be ‘large in scale compared with normal market size’.3

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