Q&A · ESMA

Best Execution

Answered

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AI-generated Summary

A venue running continuous trading (continuous order book or quote-driven) should describe its trading system in RTS 27 reports, state that continuous trading was conducted and enter 'N/A' in the trading mode column.

Details

Reference	ESMA_QA_1064
Issuer	ESMA
Published	29 May 2019
Answered	29 May 2019
Submitted	29 May 2019
ESMA topics	Best Execution
Earlier Q&A document	ESMA35-43-349 ESMA Investor protection Best execution Q&A 21

Provisions it relates to

Article 27 MiFID II · Obligation to execute orders on terms most favourable to the client
MiFID II
Inferred · 80%
MiFID II (whole act)
Explicit reference