Requirement (MIFID)
Article 24 Quotes reflecting prevailing market conditions
Requirements MIFID - REGULATION (EC) No 1287/2006
Description
Description
A systematic internaliser shall, for each liquid share for which it
is a systematic internaliser, maintain the following:
(a) a quote or quotes which are close in price to comparable
quotes for the same share in other trading venues;
(b) a record of its quoted prices, which it shall retain for a
period of 12 months or such longer period as it considers
appropriate.
The obligation laid down in point (b) is without prejudice to the
obligation of the investment firm under Article 25(2) of
Directive 2004/39/EC to keep at the disposal of the competent
authority for at least five years the relevant data relating to all
transactions it has carried out.
Comment
Applies to Article 27(1) of Directive 2004/39/EC