Code Set MarketConditionCodeSet Scenario base

SYNOPSIS: 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.

ID Datatype
2705int

Codes

ID Name Value Description Supported Added EP Updated EP Deprecated EP
2705001Normal0SYNOPSIS: Normal
ELABORATION: The condition of the market in the absence of "stressed" or "exceptional" conditions.
✓FIX.5.0SP2229
2705002Stressed1SYNOPSIS: Stressed
ELABORATION: 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.
✓FIX.5.0SP2229
2705003Exceptional2SYNOPSIS: Exceptional
ELABORATION: 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.
✓FIX.5.0SP2229