Code Set
AlgorithmicTradeIndicatorCodeSet
| ID | 2667 |
| Type | int |
| Pedigree | Added EP216 |
Indicates that the order or trade originates from a computer program or algorithm requiring little-to-no human intervention.
| Name | Value | Synopsis | Elaboration | Pedigree |
|---|---|---|---|---|
| NonAlgorithmicTrade | 0 | Non-algorithmic trade | Added EP216 | |
| AlgorithmicTrade | 1 | Algorithmic trade | In the context of ESMA MiFID II, a trade has to be flagged as "algorithmic" if at least one of the matched orders was submitted by a trading algorithm. See Directive 2014/65/EU Article 4(1)(39). | Added EP216 |
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