ESMA publishes the results of the annual transparency calculations for equity and equity-like instruments

The European Securities and Markets Authority (ESMA) has published a press release to announce the availability of the new annual transparency calculations for equity and equity-like instruments. The calculations are based on the data provided to the Financial Instruments Transparency System (FITRS) by trading venues and arranged publication arrangements (APAs) in relation to the calendar year 2022. The calculations include the following (as cited):
– the liquidity assessment as per Articles 1 to 5 of CDR 2017/567;
– the determination of the most relevant market in terms of liquidity as per Article 4 of CDR 2017/587 (RTS 1);
– the determination of the average daily turnover relevant for the determination of the pre-trade and post-trade large in scale thresholds;
– the determination of the average value of the transactions and the related the standard market size; and
– the determination of the average daily number of transactions on the most relevant market in terms of liquidity relevant for the determination of the tick-size regime
The data may be accessed via this link.