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MiFID II

MiFID II

FAQ

Looking for answers? Browse through some of the most frequently asked questions relating to MiFID II.

 

 
Cash Markets

To ensure MiFID II compliance for Euronext Cash Markets, Euronext has introduced a number of changes to its Cash legacy environment. Please note that these changes may deviate from the implementation of MiFID II requirements on Optiq or on UTP-Derivatives. Members are requested to carefully consult the MiFID II Implementation Guide for Euronext Cash Markets, the MiFID II Migration Guidelines and associated technical specifications to assess the full technical and functional implications for Euronext Cash Markets.

New Order Fields
Pre-Trade Transparency
Volume Cap Management
Tick Sizes
Order to Trade Ratio
Timestamps
ISIN Codes
TVTIC
Waiver Indicators
Trade Confirmation System (TCS)
Market Making & LP Flagging 

 
Regulatory Reporting
and Publication

Short Long Code (SLC) Manager
Commodity Position Reporting
Non-MiFID Member Reporting
Euronext Trade Publication (APA) and Transaction Reporting (ARM) Services
Market Quality / Best Execution reporting 

 
Derivative Markets

Euronext has introduced a number of changes to its Derivative environment to ensure MiFID II compliance. Members are requested to carefully consult the technical specifications, MiFID II Technical Note for Euronext Derivative Markets, and the MiFID II Migration Guidelines to assess the full technical and functional implications.
 
 
 

New order fields
Tick Sizes
Order to Trade Ratio
Timestamps
ISIN Codes
TVTIC
Complex Trade ID
Waiver Indicators
Market Making & LP Flagging
 
  

 
Rules and Policies

Harmonised Rulebook and Organisation of Trading
Third country access
Conformance and Algo declaration policy 

MiFID II Resources
12 Oct 2018 Saturn Database - Archiving of Old Transactions
25 Avr 2018 Euronext publishes first Commitment of Traders (COT) reports
01 Mar 2018 PRIIPs KIDs for Euronext Derivatives Markets: introduction of eight additional languages
03 Jan 2018 Euronext confirms launch of MiFID II changes on Cash and Derivatives markets
02 Jan 2018 MiFID II reminder of the Derivatives Markets Order Book purge and MiFID II functional implementation schedule
29 Déc 2017 MiFID II: reminder of the cash markets order book purge and MiFID II functional implementation schedule
27 Déc 2017 MIFID II Opening of Reporting Services in Production
20 Déc 2017 New tick size regime under MiFID II for ETFs: Euronext simulation update
14 Déc 2017 Order book purge on cash and derivatives markets in anticipation of MIFID II changes
13 Déc 2017 New tick size regime for MiFID II: Euronext simulation update
06 Déc 2017 Euronext large in scale pre-trade and post-trade thresholds under MiFID II
05 Déc 2017 MIFID II: Opening of regulatory reporting solution in pre-production
24 Nov 2017 MiFID II: go live of UTP derivatives and Atomx and updated Optiq market data gateway SBE template
17 Nov 2017 MiFID II: availability of Market Making Schemes and online Market Making Registration Process
10 Nov 2017 Confirmation of Production Go-Live MiFID II changes for Cash Markets
03 Nov 2017 Release of MiFID II Migration Guidelines and supporting materials
02 Nov 2017 MIFID II: Mandatory Registration Form now available for SLC Manager, Commodity Position Reporting and Non-MiFID Member Reporting
27 Oct 2017 New trading platform access agreement and, algorithm and conformance testing policies
26 Oct 2017 MiFID II: Updated Euronext Market Making Agreement
12 Oct 2017 Euronext new tick size regime for MiFID II
MiFID II Guidelines and Technical Notes
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Date Titre
03 Nov 2017
MIFID II Guidelines - Provision of data for Transaction Reporting and Order Record Keeping
31 Oct 2017
MiFID II Technical Note – Introduction to the MiFID II technical changes – v4.0 – Derivatives
MiFID II - Market Making
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Date Titre
01 Nov 2018
Market Making Scheme for Equities
03 Jan 2018
Market Making Scheme for Exchange Traded Products
03 Jan 2018
Market Making Scheme for Derivatives Markets
18 Oct 2018
Derivatives Market Makers per product and MM setup
07 Dec 2017
Market Making General Terms and Conditions
29 Dec 2017
Market Making Operating Terms
09 Mar 2018
Market Making Registration Form
01 Jan 2018
Misflag Request Form
MiFID II - Tick Sizes
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Date Titre
MiFID II – Regulatory Reporting Solution
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Date Titre
02 Nov 2017
Euronext Reporting Solution - Registration Form
02 Nov 2017
Euronext Reporting Solution - Terms and Conditions
08 Dec 2017
MiFID II Saturn onboarding v1.0
22 Jun 2018
Euronext Commodities Position reporting v1.10
04 Dec 2017
Position Holder document for Commodities members
Euronext -Saturn-Web Services Specifications
Euronext Global Reporting Solution - Saturn Interface User Guide v2.1
Euronext Reporting Services Fee Guide
Euronext Reporting Services Fee Guide FAQ
Saturn Regulatory Reporting Services - Commodities position reporting
Saturn Regulatory Reporting Services - Non-MiFID Member reporting
Saturn Web Services Specifications
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Date Titre
31 Oct 2018
Euronext - Saturn-Web Services Specifications 2.8.6
31 Oct 2018
Euronext Saturn Web Services Specifications 2.8.7 (Future version)
06 Aug 2018
Euronext Global Reporting Solution - Saturn Interface User Guide v2.2
19 Sep 2018
Saturn example of OBOE upload file
19 Sep 2018
Saturn example of APA-ARM upload file
06 Nov 2018
Euronext Global Reporting Solution - Saturn User Interface V2.3 –Future Version
TCS
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Date Titre
25 Jun 2018
TCS Trading Manual
Fees and Charges
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Date Titre
02 Nov 2017
Euronext Reporting Services Fee Guide
02 Nov 2017
Euronext Reporting Services Fee Guide FAQ
Euronext Short Long Code Management Application
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Date Titre
14 Nov 2017
Euronext Short Long code Management v2.2
Saturn Regulatory Reporting Services - Short long reporting
ISIN Codes for derivatives
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Date Titre
10 Apr 2017
ISIN changes EUA Tranche 3 - v2.0
10 Apr 2017
ISIN changes EUA Tranche 2 - v1.0
20 Mar 2017
ISIN Changes EUA Tranche 1 – v1.0
12 May 2017
ISIN Changes PROD – v2.0
20 Mar 2017
ISIN Changes PROD – v1.0
Available instruments for tests on Saturn Application
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Date Titre
03 Oct 2017
Available instruments for tests on Saturn Application
Règles de marché harmonisées - Règles actuellement en vigueur
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Date Titre
01 Aug 2018
Livre I - Règles harmonisées
01 Aug 2018
Notice n° 1-01 Entrée en vigueur des règles de marché d’Euronext
Organisation of Trading
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Date Titre
02 Jan 2018
Trading Manual – Illustrative MiFID II Version
29 Dec 2017
Trading Manual – off order book facilities (TCS User Guide)
02 Jan 2018
Trading Procedure – Illustrative MiFID II Version
Organisation of Issuers
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Date Titre
29 Dec 2017
Procedure for verifying compliance by an issuer of a transferable security with its obligations under Union law
Conformance test and algo declaration policy
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Date Titre
16 Oct 2017
Conformance tests and algo declaration policy v2.0

Contact

For additional information on Euronext's MiFID II programme, please contact ccc@euronext.com