Q&A · ESMA

Data disaggregation

Answered

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AI-generated Summary

Data disaggregation under RTS 14 is required for each separately authorised trading venue, not at the level of the market operator or investment firm running several venues.

Details

Reference	ESMA_QA_1593
Issuer	ESMA
Published	18 Nov 2016
Answered	18 Nov 2016
Submitted	18 Nov 2016
ESMA topics	Data reporting services providers
Earlier Q&A document	ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 2.1

Provisions it relates to

Article 12 MiFIR · Obligation to make pre-trade and post-trade data available separately
MiFIR
Inferred · 90%
MiFIR (whole act)
Explicit reference

Documents it refers to

RTSIn forceExplicit reference
Commission Delegated Regulation (EU) 2017/572 of 2 June 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards on the specification of the offering of pre-and post-trade data and the level of disaggregation of data
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryRTS requiring trading venues to offer pre- and post-trade transparency data unbundled, disaggregated by asset class, country of issue, trading currency, and scheduled auctions versus continuous trading, and to offer any combination of those criteria on a reasonable commercial basis.