ESMA ISSUES LATEST DOUBLE VOLUME CAP DATA

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Today’s updates include DVC data and calculations for the period 1 October 2019 to 30 September 2020 as well as updates to already published DVC periods.

The number of new breaches is 31: 15 equities for the 8% cap, applicable to all trading venues, and 16 equities for the 4% cap, that applies to individual trading venues. Trading under the waivers for all new instruments in breach of the DVC thresholds should be suspended from 12 November 2020 to 11 May 2021. The instruments for which caps already existed from previous periods will continue to be suspended.

In addition, ESMA highlights that none of the previously identified breaches of the caps proved to be incorrect thus no previously identified suspensions of trading under the waivers had to be lifted.

As of 9 November 2020, there is a total of 246 instruments suspended.

ESMA does not update DVC files older than 6 months.

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