UK MiFID transparency calculations

This page contains updates on the UK MiFID transparency calculations and the latest published data.

All the results of the MiFID transparency calculations for the UK are available in the FCA Financial Instruments Transparency System (FCA FITRS) accessible via the dedicated FCA Registers portal.

Sign up to receive email UK MiFID Transparency Calculations updates

Next publication

8 November 2021: Quarterly liquidity assessment for bonds. The results will apply from 16 November 2021.

 

Quarterly liquidity assessment for bonds - 9 August 2021

The latest quarterly liquidity assessment for bonds for the UK is now published. The results will be applicable from 16 August 2021 to 15 November 2021 and are available in the FCA FITRS.

There are currently 118 liquid bonds subject to UK MiFID transparency requirements.

Annual transparency calculations for non-equity instruments - 10 May 2021

We have published the latest results of the annual transparency calculations for non-equity instruments for the UK. The results cover the 2021 pre- and post-trade thresholds assessment for bonds and derivatives as well as the liquidity assessment for derivatives.

The information published contains:

  • the liquidity assessment for a number of sub-classes of derivatives
  • the pre- and post-trade size specific to the instrument threshold for bonds and derivatives
  • the pre- and post-trade large in scale threshold for bonds and derivatives

The transparency thresholds are provided in Excel format at a sub-class level for liquid sub-classes of derivatives and at a bond type level for bonds. View the corresponding Excel files. For bonds the information is also provided at an ISIN level in the FCA FITRS both in XML files and through the register web interface.

The annual transparency results for non-equity instruments are applicable from 1 June 2021 for a period of twelve months.

Annual transparency calculations for equity and equity-like instruments - 8 March 2021

The latest results of the annual transparency calculations for equity and equity-like instruments for the UK are now available.

The information published contains:

  • the liquidity assessment
  • the trading venue which is the most relevant market in terms of liquidity
  • the average daily turnover for the purpose of identifying the size of orders that are large in scale
  • the average value of transactions for the purpose of determining the standard market size
  • the average daily number of transactions for shares and depositary receipts on most relevant market in terms of liquidity for the purposes of the tick size regime

These results are available on FCA FITRS both in XML files and in the register web interface and will apply from 1 April 2021 for a 12-month period.