ESMA: Third country trading venues for post-trade transparency and position limits under MiFID II/MiFIR

ESMA has published two opinions (revised from May 2017)with regard to the above. ESMA states that, pending an ESMA assessment of more than 200 third-country trading venues under the criteria in the two opinions, transactions on third-country trading venues do not need to be made post-trade transparent and/or positions held in those third-country venue contracts are not considered to be economically equivalent over-the-counter contracts.