Article 1 Offering of pre-trade and post-trade transparency data

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:

1. (a)

   the nature of the asset class:

   1. (i)

      shares;

   2. (ii)

      depositary receipts, ETFs, certificates and other similar financial instruments referred to in Article 3 of Regulation (EU) No 600/2014;

   3. (iii)

      bonds and structured finance products;

   4. (iv)

      emission allowances;

   5. (v)

      derivatives;

2. (b)

   the country of issue for shares and sovereign debt;

3. (c)

   the currency in which the financial instrument is traded;

4. (d)

   scheduled daily auctions as opposed to continuous trading.

Derivatives referred to in point (a)(v) shall be disaggregated in accordance with the following criteria:

1. (a)

   equity derivatives;

2. (b)

   interest rate derivatives;

3. (c)

   credit derivatives;

4. (d)

   foreign exchange derivatives;

5. (e)

   commodity and emission allowance derivatives;

6. (f)

   other derivatives.

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.

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.

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.