average effective spread
Defined in Article 2, Commission Delegated Regulation (EU) 2017/575
Definitions over time (1)
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20/04/2017 – today applies on 10/11/2026 Article 2, Commission Delegated Regulation (EU) 2017/575 Scope: Whole act
For the purposes of this Regulation, the following definitions shall apply:
average effective spread means the average of twice the difference between the actual execution price compared with mid-point of best bid and offer at time of receipt, for market orders or marketable limit orders;