Trading capacity of members or participants of the trading venue and liquidity provision activity
Article 3
1. The trading capacity in which the member or participant of the trading venue submits an order shall be described as specified in field 7 of Table 2 of the Annex. 2. The following orders shall be identified as specified in field 8 of Table 2 of the Annex: (a) an order submitted to a trading venue by a member or participant as part of a market-making strategy pursuant to Articles 17 and 48 of Directive 2014/65/EU of the European Parliament and of the Council ( 3 ) ; (b) an order submitted to a trading venue by a member or participant as part of any other liquidity provision activity carried out on the basis of terms pre-determined either by the issuer of the instrument which is the subject of the order or by that trading venue.