Q&A · ESMA
Market making agreement for payment received from a trading venue
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
Payments or rebates from a trading venue for providing liquidity do not always require a formal RTS 8 market making agreement, but recipients must be subject to appropriate market making obligations; maker/taker schemes are therefore open to other market makers as well as to firms required to sign agreements.
Details
| Reference | ESMA_QA_1641 |
|---|---|
| Issuer | ESMA |
| Published | 4 Oct 2018 |
| Answered | 4 Oct 2018 |
| Submitted | 4 Oct 2018 |
| ESMA topics | Multilateral and bilateral systems |
| Earlier Q&A document | ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 5.9 |
Provisions it relates to
- Article 48 MiFID II · Systems resilience, circuit breakers and electronic tradingInferred · 90%
- MiFID II (whole act)Explicit reference