On September 27, the European Securities and Markets Authority (ESMA) published a press release announcing two new data completeness indicators for trading venues relating to the delivery of double volume cap (DVC) and bond liquidity data.

DVC and bond liquidity data are required form trading venues for transparency purposes pursuant to the revised Markets in Financial Instruments Directive. ESMA is introducing the measures due to the timeliness of such data remaining “unsatisfactory” and due to “significant” data completeness issues.
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