ESMA launches quarterly publication of a new MiFID II-related data series: an assessment of the liquidity for bonds traded att EU venues. 594 products are currently on the list, meaning they fall under MiFID II transparency requirements.

The European Securities and Markets Authority (ESMA) publishes the new quarterly liquidity assessments for bonds in order to help market participants know whether they should consider a bond to be liquid or not. The news is presented on ESMA’s home page.

Counting the resting days

The assessment follows quantitative liquidity criteria, including daily average trading activity (trades and notional amount) and the percentage of days in each quarter in which units of the bond have been traded.

Data, and then correction updates, are published in ESMA’s Financial Instruments Transparency System (FITRS).