Offering of pre-trade and post-trade transparency data
Article 1
1. A market operator or investment firm operating a trading venue shall upon request make the information published in accordance with Articles 3, 4 and 6 to 11 of Regulation (EU) No 600/2014 available to the public by offering pre-trade and post-trade data disaggregated, in accordance with the following criteria: (a) the nature of the asset class: (i) shares; (ii) depositary receipts, ETFs, certificates and other similar financial instruments referred to in Article 3 of Regulation (EU) No 600/2014; (iii) bonds and structured finance products; (iv) emission allowances; (v) derivatives; (b) the country of issue for shares and sovereign debt; (c) the currency in which the financial instrument is traded; (d) scheduled daily auctions as opposed to continuous trading. 2. Derivatives referred to in point (a)(v) shall be disaggregated in accordance with the following criteria: (a) equity derivatives; (b) interest rate derivatives; (c) credit derivatives; (d) foreign exchange derivatives; (e) commodity and emission allowance derivatives; (f) other derivatives. 3. The market operator or investment firm operating a trading venue shall determine which criteria a financial instrument or type of data meets where the disaggregation criteria in paragraphs 1 or 2 cannot be applied in an unambiguous manner. 4. The market operator or investment firm operating a trading venue shall apply the criteria referred to in paragraphs 1 and 2 in any combination upon request. 5. In addition to offering the data in accordance with paragraph 1 and 2, a market operator or investment firm operating a trading venue may offer bundles of data.