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Article 5 - Impact on market liquidity and efficiency

Article 5
Impact on market liquidity and efficiency

In determining whether a market practice proposed to be established as an AMP complies with the criterion set out in point (c) of Article 13(2) of Regulation (EU) No 596/2014, competent authorities shall assess the impact the market practice has on at least the following elements:

((a))

volume traded;

((b))

number of orders in the order book (order depth);

((c))

speed of execution of the transactions;

((d))

volume weighted average price of a single session, daily closing price;

((e))

bid/offer spread, price fluctuation and volatility;

((f))

regularity of quotations or transactions.

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