On 3 June 2020, the European Securities and Markets Authority (ESMA) published updated opinions on post-trade transparency and position limits under MiFID II and MiFIR following its assessment of over 200 third-country trading venues against criteria published in its 2017 opinions.
The updated opinion related to post-trade transparency contains an annex that includes a list of 136 venues from 25 countries. Most have a positive assessment for all the instruments available on the venue, while several have a partially positive assessment, i.e. a positive assessment which is limited to a subset of instruments. The instruments for which the assessment is not positive are specified in the excel file.
The updated opinion on position limits includes a list of 7 venues from 4 countries. All venues on the list have a fully positive assessment. Commodity derivatives traded on venues on the list should not be considered as economically equivalent over-the-counter contracts for the purpose of the position limits regime.