Q&A · ESMA
Market makers
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
The references to market makers in the exemptions in Article 2(1)(d)(i) and 2(1)(j) MiFID II cover both firms with a market making agreement under Article 17(4) and other market makers within Article 4(1)(7).
Details
| Reference | ESMA_QA_1600 |
|---|---|
| Issuer | ESMA |
| Published | 31 Jan 2017 |
| Answered | 31 Jan 2017 |
| Submitted | 31 Jan 2017 |
| ESMA topics | Direct Electronic Access and algorithmic trading |
| Earlier Q&A document | ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 3.4 |
Provisions it relates to
- Article 2 MiFID II · ExemptionsExplicit reference · 90%
- Article 4 MiFID II · DefinitionsExplicit reference · 90%
- Article 17 MiFID II · Algorithmic tradingExplicit reference · 90%
- MiFID II (whole act)Explicit reference