ESMA publishes the results of the annual transparency calculations for equity and equity-like instruments

Summary:

The European Securities and Markets Authority (ESMA) has published the results of its annual transparency calculations for equity and equity-like instruments, effective from April 1, 2024, until April 6, 2025. The calculations involve assessing liquidity, determining most relevant markets, and setting thresholds for pre-trade and post-trade large in scale and tick-size regimes. As a result, 1,193 liquid shares and 914 liquid equity-like instruments are subject to MiFID II/MiFIR transparency requirements. The full list of assessed instruments will be available through the Financial Instruments Transparency System (FITRS) starting March 1, 2024.