Market Securities (France) SA (MSF SA) is authorized by ACPR (French Prudential Supervision and Resolution Authority) and AMF (The Autorité des marchés financiers).
Market Securities (France) SA OTF has an overall governance regime to ensure that it is operated in compliance with all applicable regulations. Key to the governance is the OTF Rulebook as supplemented by the Terms of Business and relevant policies and procedures.
Market Securities (France) SA was authorised by AMF to operate an Organised Trading Venue (OTF) on 1 December 2020. The OTF complements execution services provided by MSF for clients who have the requirements for their OTC transactions to be traded on an approved trading venue.
Market Securities France’s LEI Number is 969500FWB6L4IMCWRO70 and Market Securities France’s MIC Code is MKTF
MSF has permission from AMF to operate an Organised Trading Facility (“OTF”), which is a new category of Trading Venue. For more information on the Market Securities OTF, kindly see Market Securities OTF information site.
For trade reporting, MSF has selected two Approved Publication Arrangement (“APA”) dependent upon product type. For cash equities, MSF engages BATS and for all other products MSF engages Marketaccess/Trax.
MSF’s pre-trade and post-trade transparency reports will be made publicly-available from the Trax and BATS websites. You will find links to the websites at MSF OTF information site.
For end-of-day transaction reports, MSF will use Trax as an ARM (Approved Reporting Mechanism) that publishes data directly to AMF.
MiFID II imposed new and additional regulatory requirements for financial services firms. We have compiled Frequently Asked Questions for your information. If there is any specific question you want us to answer, do contact us at OTFCompliance@market-securities.com
MSF OTF fulfils its transparency obligations through the publication of all relevant orders, trades and instruments reference, subject to the exercise of pre-trade transparency waivers and post-trade transparency deferrals as granted by AMF.
The publication of pre- and post-trade transparency data is being undertaken by TRAX and can be found at: www.traxapa.com
RTS 27 and RTS 28 disclosures are published on this site.
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