EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/5.II.2.2.2:5.II.2.2.2 Definition of a negotiated trade

EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/5.II.2.2.2

5.II.2.2.2 Definition of a negotiated trade

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 II a negotiated transaction (also ‘negotiated trade’) in equity instruments is considered to be a transaction that is: (1) negotiated privately; but (2) reported under the rules of a trading venue.1 In addition, any of the following circumstances need to apply:

a)

Two members or participants of the trading venue are involved in any of the following capacities: (i) one is dealing on own account when the other is acting on behalf of the client; (ii) both are dealing on own account; (iii) both are acting on behalf of a client; or

b)

One member or participant of the trading venue is either of the following: (i) acting on behalf of both the buyer and seller; and (ii) dealing on own account against a client order.2

Deze functie is alleen te gebruiken als je bent ingelogd.