MiFID II Acronyms / Glossary
The below is a non-exhaustive list of common MiFIDII acronyms and definitions.
An ‘approved publication arrangement’ is a person authorised to publish trade reports on behalf of investment firms.
An ‘approved reporting mechanism’ is a person authorised to report transaction reports to competent authorities on behalf of investment firms.
A ‘consolidated tape provider’ is a person authorised to collect trade reports and consolidate them into a continuous electronic live data stream providing price and volume data per instrument.
Data Reporting Services Provider
A data reporting services provider is an APA, ARM or CTP.
A person who holds themselves out on the financial markets on a continuous basis as being willing to deal on own account by buying and selling financial instruments. Peel Hunt acts as a market maker in most of the instruments we trade.
A ‘multilateral trading facility’ is a system operated by or managed by a market operator or investment firm, bringing together multiple third party buying and selling interests in financial instruments.
An ‘organised trading facility’ is a multilateral system which is not a MTF or regulated market, in which multiple third party buying and selling interests in bonds, structured products, emission allowances or derivatives are brought together.
A multilateral system operated by or managed by a market operator, bringing together multiple third party buying and selling interests in financial instruments admitted to trading under its rules and systems.
A trading venue is a regulated market, MTF or OTF.
A ‘systematic internaliser’ is an investment firm which deals on own account when executing client orders outside a regulated market, MTF or OTF, on an organised, frequent and substantial basis.
Explore our articles on the main topics surrounding MiFID II, for a deeper insight into our approach to the new legislation.