Home Technical Standards 2017 | Commission Delegated Regulation (EU) 2017/580 Article 3 Trading capacity of members or participants of the trading venue and liquidity provision activity
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Article 3 Trading capacity of members or participants of the trading venue and liquidity provision activity

Article 3 Trading capacity of members or participants of the trading venue and liquidity provision activity

01/01/2021EU
  1. (1)

    The trading capacity in which the member or participant of the trading venue submits an order shall be described as specified in field 7 of Table 2 of the Annex.

  2. (2)

    The following orders shall be identified as specified in field 8 of Table 2 of the Annex:

    1. (a)

      an order submitted to a trading venue by a member or participant as part of a market-making strategy pursuant to Articles 17 and 48 of Directive 2014/65/EU of the European Parliament and of the Council;

    2. (b)

      an order submitted to a trading venue by a member or participant as part of any other liquidity provision activity carried out on the basis of terms pre-determined either by the issuer of the instrument which is the subject of the order or by that trading venue.