Q&A · ESMA

Transparency - pre-trade quote publication and ISIN

Answered

Read the official text on the ESMA website(opens in a new tab)

AI-generated Summary

Pre-trade quotes must identify the instrument unambiguously, but an ISIN is not mandatory: venues and systematic internalisers may use other identifiers where an ISIN is not available.

Details

Reference	ESMA_QA_1551
Issuer	ESMA
Published	3 Apr 2017
Answered	3 Apr 2017
Submitted	3 Apr 2017
ESMA topics	Equity transparency
Earlier Q&A document	ESMA 70-872942901-35 MiFIR transparency Q&A, Q&A 2.5

Provisions it relates to

Article 3 MiFIR · Pre-trade transparency requirements for trading venues in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments
MiFIR
Inferred · 70%
MiFIR (whole act)
Explicit reference