Who should read this paper
This consultation paper is primarily of interest to trading venues and investment firms trading in equity instruments, but responses are also sought from any other market participant including trade associations and industry bodies, institutional and retail investors.
Responding to this paper
ESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1. Comments are most helpful if they:
1. respond to the question stated;
2. indicate the specific question to which the comment relates;
3. contain a clear rationale; and
4. describe any alternatives ESMA should consider.
ESMA will consider all comments received by 11 January 2019.
All contributions should be submitted online using the Reply form.