SFPs — pre-trade and post-trade SSTI and LIS thresholds if Test 1 is not passed

Pre-trade and post-trade SSTI and LIS thresholds for all SFPs if Test 1 is not passed

For the purpose of the determination of the pre-trade and post-trade SSTI and LIS thresholds each sub-asset class shall be further segmented into sub-classes as defined below

Percentiles and threshold floors to be applied for the calculation of the pre-trade and post-trade SSTI and LIS thresholds for SFPs determined to have a liquid market if Test 1 is passed

Minimum size of order qualifying as large in scale compared with normal market size

Derogation for small trading book business

Waivers in relation to transactions which are large in scale

Deferred publication of large transactions

Orders large in scale compared with normal market size

Public availability of pre- and post-trade information

Still it has a high payload for its size.

transparent pricing and post-trade information

Publication and availability of pre- and post-trade transparency data

Overall, the coverage of collective bargaining is high.

Overall coverage of collective bargaining is high.