Q&A · ESMA
Organized Trading facilities OTFs
Answered
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MiFID II is technology neutral, so voice trading can be an OTF; an investment firm executing transactions by voice negotiation operates an OTF if its arrangements meet the criteria for a multilateral system.
Details
| Reference | ESMA_QA_1643 |
|---|---|
| Issuer | ESMA |
| Published | 3 Apr 2017 |
| Answered | 3 Apr 2017 |
| Submitted | 3 Apr 2017 |
| ESMA topics | Multilateral and bilateral systems |
| Earlier Q&A document | ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 5.11 |
Provisions it relates to
- Article 4 MiFID II · DefinitionsInferred · 80%
- MiFID II (whole act)Explicit reference