CESR out with long-awaited Liquid List

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The Committee of European Securities Regulators (CESR) has published its promised ‘Liquid List’ – the list of the most liquid shares under the Markets in Financial Instruments Directive (Mifid) and all shares listed on EU regulated markets.

CESR has collected and published a database of information relating to all shares which are admitted to trading on a regulated market, as required by the Mifid implementing Regulations. The database contains listings of 7206 shares, of which 894 are liquid. The information included in the database allows market participants to recognise liquid shares and to determine the block sizes for waivers from pre-trade transparency requirements and delayed post-trade publication. Updates to the database will first be made in mid-October 2007 and on a regular basis thereafter.

The database can be accessed via the Mifid page on CESR’s website. CESR has also published guidelines on the database to allow developers to get the most out of the database and the web service that is being developed for it.

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• Topics
• Mifid
• Regulation
• Operational risk