| MarketConditionCodeSet | int | Market condition. In the context of ESMA RTS 8 it is important that trading venues communicate the condition of the market, particularly stressed and exceptional , in order to provide incentives for firms contributing to liquidity.
| 0 | = | Normal The condition of the market in the absence of stressed or exceptional conditions. | Added EP229
| | [Normal] | | 1 | = | Stressed In the context of ESMA RTS 8 Article 6: Trading venues shall set out the parameters to identify stressed market conditions in terms of significant short-term changes of price and volume. Trading venues shall consider the resumption of trading after volatility interruptions as stressed market conditions. | Added EP229
| | [Stressed] | | 2 | = | Exceptional In the context of ESMA RTS 8 Article 3: Due to (a) a situation of extreme volatility; (b) war, industrial action, civil unrest or cyber sabotage; (c) disorderly trading conditions, e.g. due to technical issues; (d) unavailability of risk management facilities. | Added EP229
| | [Exceptional] |
| Added EP229
|