Knowledge Base

← Market Functioning and Organization

Questions

Which body calculates the size thresholds for the Large in Scale (LIS) waiver?

The European Central Bank (ECB)
The European Securities and Markets Authority (ESMA)
The European Commission
The AMF

Which article of MiFIR requires regulated markets to make public the current bid and ask prices and the depth of trading interest for equity instruments?

Article 2
Article 3
Article 4
Article 5

What is the standard deferral period for Large in Scale, illiquid, or SSTI-exceeding transactions?

T+1 before 6:00 PM
T+2 before 7:00 PM
T+3 before 8:00 PM
T+4 before 9:00 PM

What is the Double Volume Cap?

Click to see answer

What are the two main challenges that MiFIR seeks to address?

The growing fragmentation of trading venues and the opacity of over-the-counter markets
Market volatility and the regulation of derivative products
Competition between platforms and the protection of individual investors
Market liquidity and systemic risk management

Post-trade transparency only allows investors to verify the execution quality of their transactions.

True
False

Post-trade publication deadlines for equity instruments have been reduced to one minute since January 2021.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Current bid and ask prices
Transaction price and volume
Depth of trading interest
Time of execution
Categories:

(A) Pre-trade transparency

(B) Post-trade transparency