natgillin/translations-raw huggingface dataset:
En betegnelse til identifikation af den handler (Trader ID), der er ansvarlig den trufne investeringsbeslutning i investeringsselskabet
Orders to trade given which change the representation of the best bid or offer prices in a financial instrument admitted to trading or traded on a trading venue, or more generally the representation of the order book available to market participants, and are removed before they are executed.
En betegnelse til identifikation af den algoritme, (Algo ID), der er ansvarlig for den trufne investeringsbeslutning i investeringsselskabet
Transactions or orders to trade by a market/participant with no other apparent justification than to increase/decrease the price or value of, or to have a significant impact on the supply of or demand for a financial instrument, namely near the reference point during the trading day, e.g. at the opening or near the close.
Købs-/salgsindikator
Buying or selling of a financial instrument at the reference time of the trading session (e.g. opening, closing, settlement) in an effort to increase, to decrease or to maintain the reference price (e.g. opening price, closing price, settlement price) at a specific level (usually known as marking the close).
Identifikation af instrumentet
Transactions or orders to trade which have the effect of, or are likely to have the effect of increasing/decreasing the weighted average price of the day or of a period during the session.
Stykpris og prisnotering
Transactions or orders to trade which have the effect of, or are likely to have the effect of, setting a market price when the liquidity of the financial instrument or the depth of the order book is not sufficient to fix a price within the session.
Pris
Execution of a transaction, changing the bid-offer prices when this spread is a factor in the determination of the price of another transaction whether or not on the same trading venue.
Prismultiplikator
Entering orders representing significant volumes in the central order book of the trading system a few minutes before the price determination phase of the auction and cancelling these orders a few seconds before the order book is frozen for computing the auction price so that the theoretical opening price might look higher or lower than it otherwise would do.
Valuta 1
Engaging in a transaction or series of transactions which are shown on a public display facility to give the impression of activity or price movement in a financial instrument (usually known as painting the tape).
Valuta 2
Transactions carried out as a result of the entering of buy and sell orders to trade at or nearly at the same time, with the very similar quantity and similar price by the same or different but colluding market members/participants (usually known as improper matched orders).
Oprindelig mængde og mængdenotering
Transactions or orders to trade which have the effect of, or are likely to have the effect of bypassing the trading safeguards of the market (e.g. as regards volume limits; price limits; bid/offer spread parameters; etc.).
Gyldighedsperiode
Entering of orders to trade or a series of orders to trade, executing transactions or series of transactions likely to start or exacerbate a trend and to encourage other participants to accelerate or extend the trend in order to create an opportunity to close out/open a position at a favourable price (usually know as momentum ignition).
Ordretype
Submitting multiple or large orders to trade often away from the touch on one side of the order book in order to execute a trade on the other side of the order book.
Alle øvrige oplysninger, betingelser og særlige instrukser fra kunden
Once that trade has taken place, the manipulative orders will be removed (usually known as layering and spoofing).
Dato og nøjagtigt tidspunkt for modtagelse af ordren eller dato og nøjagtigt tidspunkt for handelsbeslutning.
Entry of small orders to trade in order to ascertain the level of hidden orders and particularly used to assess what is resting on a dark platform (usually know as ping order).
Det nøjagtige tidspunkt skal måles i overensstemmelse med den i artikel 50, stk. 2, i direktiv 2014/65/EU omhandlede metode i henhold til standarder for synkronisering af ure.
Entry of large numbers of orders to trade and/or cancellations and/or updates to orders to trade so as to create uncertainty for other participants, slowing down their process and to camouflage their own strategy (usually known as quote stuffing).
Kundens navn og betegnelse
Posting of orders to trade, to attract other market members/participants employing traditional trading techniques (‘slow traders’), that are then rapidly revised onto less generous terms, hoping to execute profitably against the incoming flow of ‘slow traders’ orders to trade (usually known as smoking).
Navnet på og betegnelsen for enhver relevant person, der handler på kundens vegne
Executing orders to trade or a series of orders to trade, in order to uncover orders of other participants, and then entering an order to trade to take advantage of the information obtained (usually known as phishing).
En betegnelse til identifikation af den handler (Trader ID), der er ansvarlig for den trufne investeringsbeslutning i investeringsselskabet
The extent to which, to the best knowledge of the operator of a trading venue, orders to trade given or transactions undertaken show evidence of position reversals in a short period and represent a significant proportion of the daily volume of transactions in the relevant financial instrument on the trading venue concerned, and might be associated with significant changes in the price of a financial instrument admitted to trading or traded on the trading venue.
En betegnelse til identifikation af den algoritme (Algo ID), der er ansvarlig for den trufne investeringsbeslutning i investeringsselskabet
Signals for cross-product market manipulation, including across different trading venues
Transaktionens referencenummer
The signals described below should be particularly considered by the operator of a trading venue where both a financial instrument and related financial instruments are admitted to trading or traded or where the above mentioned instruments are traded on several trading venues operated by the same operator.
En betegnelse til identifikation af ordren (Order ID)
Transactions or orders to trade which have the effect of, or are likely to have the effect of increasing/decreasing/maintaining the price of a financial instrument during the days preceding the issue, optional redemption or expiry of a related derivative or convertible;
Ordrens identifikationskode, som tildeles af markedspladsen ved ordrens modtagelse
Transactions or orders to trade which have the effect of, or are likely to have the effect of maintaining the price of the underlying financial instrument below or above the strike price, or other element used to determine the pay-out (e.g. barrier), of a related derivative at expiration date;
En entydig identifikation af hver gruppe af aggregerede kundeordrer (som senere afgives på den pågældende markedsplads som en samlet ordre).
Transactions which have the effect of, or are likely to have the effect of modifying the price of the underlying financial instrument so that it surpasses/not reaches the strike price, or other element used to determine the pay-out (e.g. barrier), of a related derivative at expiration date;
Denne identifikation skal indeholde »aggregated_X«, hvor X står for antallet af kunder, hvis ordrer er blevet aggregeret
Transactions which have the effect of, or are likely to have the effect of modifying the settlement price of a financial instrument when this price is used as a reference/determinant, namely, in the calculation of margins requirements;
MIC-segmentkoden for den markedspladsafdeling, til hvilken ordren er fremsendt
Orders to trade given or transactions undertaken by a member/participant with a significant buying or selling interest in a financial instrument which lead to significant changes in the price of the related derivative or underlying asset admitted to trading on a trading venue;
Navnet på og øvrig betegnelse for den person, som ordren er formidlet til
Undertaking trading or entering orders to trade in one trading venue or outside a trading venue (including entering indications of interest) with a view to improperly influencing the price of a related financial instrument in another or in the same trading venue or outside a trading venue (usually known as cross-product manipulation (trading on financial instrument to improperly position the price of a related financial instrument in another or in the same trading venue or outside a trading venue)).
Betegnelse til identifikation af sælger og køber
Creating or enhancing arbitrage possibilities between a financial instrument and another related financial instrument by influencing reference prices of one of the financial instruments can be carried out with different financial instruments (like rights/shares, cash markets/derivatives markets, warrants/shares, …).
Handelskapacitet
In the context of rights issues, it could be achieved by influencing the (theoretical) opening or (theoretical) closing price of the rights.
En betegnelse til identifikation af den handler (Trader ID), der er ansvarlig for afviklingen
ANNEX IV
En betegnelse til identifikation af den algoritme,(Algo ID), der er ansvarlig for afviklingen
Name and designation of the client
Identificering af instrumentet
Name and designation of any relevant person acting on behalf of the client
Ultimativt underliggende aktiv
A designation to identify the trader (Trader ID) responsible within the investment firm for the investment decision
Put/Call-identifikator
A designation to identify the algorithm (Algo ID) responsible within the investment firm for the investment decision;
Aftalepris
B/S indicator;
Forudbetaling
Instrument identification
Afviklingsmåde
Unit price and price notation;
Optionstype
Price
Udløbsdato
Price multiplier
Stykpris og prisnotering
Currency 1
Pris
Currency 2
Prismultiplikator
Initial quantity and quantity notation;
Resterende mængde
Validity period
Ændret mængde
Type of the order;
Afviklet mængde
Any other details, conditions and particular instructions from the client;
Dato og nøjagtigt tidspunkt for ordrens fremsendelse eller handelsbeslutningen.
The date and exact time of the receipt of the order or the date and exact time of when the decision to deal was made.
Det nøjagtige tidspunkt skal måles i overensstemmelse med den i artikel 50, stk. 2, i direktiv 2014/65/EU omhandlede metode i henhold til standarder for synkronisering af ure
The exact time must be measured according to the methodology prescribed under the standards on clock synchronisation under Article 50(2) of Directive 2014/65/EU.
Dato og nøjagtigt tidspunkt for alle meddelelser, der er fremsendt til og modtaget fra markedspladsen vedrørende alle hændelser, der har betydning for en ordre.
name and designation of the client;
Det nøjagtige tidspunkt skal måles i overensstemmelse med den foreskrevne metode i henhold til Kommissionens delegerede forordning (EU) 2017/574 [1]
name and designation of any relevant person acting on behalf of the client;
Dato og nøjagtigt tidspunkt for alle meddelelser, der er fremsendt til og modtaget fra et andet investeringsselskab, vedrørende alle hændelser, der har betydning for en ordre.
a designation to identify the trader (Trader ID) responsible within the investment firm for the investment decision;
Alle meddelelser, der er fremsendt til eller modtaget fra markedspladsen, vedrørende ordrer, der er afgivet af investeringsselskabet
a designation to identify the Algo (Ago ID) responsible within the investment firm for the investment decision
Alle andre oplysninger og betingelser, der er fremsendt til og modtaget fra et andet investeringsselskab, vedrørende ordren
Transaction reference number
Sekvenser for hver enkelt afgivne ordre med henblik på at genspejle den kronologiske rækkefølge af alle hændelser vedrørende ordren, herunder, men ikke begrænset til, ændringer, annulleringer og afviklinger
a designation to identify the order (Order ID)
Short selling-indikator
the identification code of the order assigned by the trading venue upon receipt of the order;
SSR-undtagelsesindikator
a unique identification for each group of aggregated clients' orders (which will be subsequently placed as one block order on a given trading venue).
Dispensationsindikator
This identification should indicated ‘aggregated_X’ with X representing the number of clients whose orders have been aggregated.
Kommissionens delegerede forordning (EU) 2017/574 af 7. juni 2016 om supplerende regler til Europa-Parlamentets og Rådets direktiv 2014/65/EU for så vidt angår reguleringsmæssige tekniske standarder for nøjagtighedsgraden for forretningsure (se side 148 i denne EUT).
the segment MIC code of the trading venue to which the order has been submitted.
Artikel 25, stk. 2, og artikel 25, stk. 3, i direktiv 2014/65/EU og artikel 35, 36 og 37 i nærværende forordning
the name and other designation of the person to whom the order was transmitted
Artikel 16, stk. 6, i direktiv 2014/65/EU og artikel 70 i nærværende forordning
designation to identify the Seller & the Buyer
Artikel 24, stk. 4, litra c), i direktiv 2014/65/EU og artikel 45 i nærværende forordning
the trading capacity
Ordninger, hvor kunden til et medlem af eller en deltager på en markedsplads, herunder kunden til organiserede handelsfaciliteters (OHF'ers) direkte kunder, indsender sine ordrer gennem ordninger til optimering af ordreudførelsesprocesser, der fastsætter andre parametre for ordren end den eller de markedspladser, hvortil ordren bør indsendes gennem »smart order routing«, der indgår i leverandørens og ikke kundens infrastruktur, bør ikke anses for at indebære direkte elektronisk adgang, da leverandørens kunde ikke har kontrol med tidspunktet for ordrens indsendelse og dennes levetid.
a designation to identify the Trader (Trader ID) responsible for the execution
Hvorvidt der er tale om direkte elektronisk adgang, når der anvendes »smart order routing«, bør derfor afhænge af, hvorvidt »smart order routing« indgår i kundens systemer og ikke i leverandørens.
a designation to identify the Algo (Algo ID) responsible for the execution
Et finansielt instrument, som ikke er udtrykkeligt nævnt i artikel 25, stk. 4, litra a), i direktiv 2014/65/EU, anses som ikke-komplekst med henblik på artikel 25, stk. 4, litra a), nr. vi), i direktiv 2014/65/EU, hvis det opfylder følgende kriterier:
instrument identification
Formand
ultimate underlying
Kommissionens delegerede forordning (EU) 2017/566
Commission Delegated Regulation (EU) 2017/566
om supplerende regler til Europa-Parlamentets og Rådets direktiv 2014/65/EU om markeder for finansielle instrumenter for så vidt angår reguleringsmæssige tekniske standarder for forholdet mellem ikke-udførte ordrer og transaktioner med henblik på at forhindre ureglementerede handelsvilkår
supplementing Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards for the ratio of unexecuted orders to transactions in order to prevent disorderly trading conditions
under henvisning til Europa-Parlamentets og Rådets direktiv 2014/65/EU af 15. maj 2014 om markeder for finansielle instrumenter og om ændring af direktiv 2002/92/EF og direktiv 2011/61/EU [1], særlig artikel 48, stk. 12, litra b), og
Having regard to Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU [1], and in particular Article 48(12)(b) thereof,
Markedspladser bør have en række systemer, procedurer og ordninger til at sikre, at algoritmiske handelssystemer ikke kan skabe eller bidrage til ureglementerede handelsvilkår, herunder systemer til at overvåge og, hvor det er relevant, begrænse forholdet mellem ikke-udførte ordrer og transaktioner.
Trading venues should have a number of systems, procedures and arrangements in place to ensure that algorithmic trading systems cannot create or contribute to disorderly trading conditions including systems to monitor and, where appropriate, limit the ratio of unexecuted orders to transactions.
I betragtning af deres art bør voice trading-systemer undtages fra anvendelsesområdet for denne forordning, der kun bør anvendes på markedspladser, der driver elektroniske løbende auktionsordrebogshandelssystemer, prisstillersystemer eller hybridhandelssystemer.
Taking into account their nature, voice trading systems should be exempt from the scope of this Regulation which should only apply to trading venues operating electronic continuous auction order book or quote-driven or hybrid trading systems.
Ved direktiv 2014/65/EU udvides kravene vedrørende fastlæggelsen af forholdet mellem ikke-udførte ordrer og transaktioner til også at omfatte multilaterale handelsfaciliteter og organiserede handelsfaciliteter.
Directive 2014/65/EU extends the requirements relating to the determination of the ratio of unexecuted orders to transactions to multilateral trading facilities and organised trading facilities.
Det er derfor vigtigt at sikre, at disse markedspladser også er omfattet af denne forordnings anvendelsesområde.
It is therefore important that those venues are also within the scope of this Regulation.
Markedspladserne bør beregne forholdet mellem ikke-udførte ordrer og transaktioner, som deres medlemmer eller deltagere har gennemført, for hvert finansielt instrument, som handles på dem, for effektivt at sikre, at forholdet ikke fører til overdreven volatilitet i det pågældende instrument.
Trading venues should calculate the ratio of unexecuted orders to transactions effectively incurred by their members or participants at the level of each financial instrument traded on them in order to ensure effectively that the ratio does not lead to excessive volatility in that instrument.
For at sikre tilstrækkelig harmonisering i hele Unionen af de ordninger, der skal forebygge ureglementerede handelsvilkår gennem begrænsning af forholdet mellem ikke-udførte ordrer og transaktioner, bør der fastsættes en klar metode til beregning af forholdet mellem ikke-udførte ordrer og transaktioner for alle markedsdeltagere.
In order to ensure sufficient harmonisation across the Union of the arrangements to prevent disorderly trading conditions through the limitation of the ratio between unexecuted orders and transactions, a clear methodology to calculate the ratio of unexecuted orders to transactions with respect to all market participants should be laid down.
Betydningen af visse afgørende parametre, som skal anvendes ved beregningen af forholdet mellem ikke-udførte ordrer og transaktioner, bør præciseres.
The meaning of certain essential parameters to be used for the calculation of the ratio of unexecuted orders to transactions should be clarified.
Beregningen af forholdet af ikke-udførte ordrer og transaktioner, som er indført i systemet af et medlem eller en deltager, bør understøttes af en passende observationsperiode.
The calculation of the ratio of unexecuted orders to transactions entered into the system by a member or participant should be supported by an adequate observation period.
På det grundlag bør beregningsperioden for det effektive forhold mellem ikke-udførte ordrer og transaktioner ikke være længere end en handelsperiode.
On that basis, the calculation period of the effective ratio of unexecuted orders to transactions should not be longer than a trading session.
Imidlertid bør markedspladserne have mulighed for at fastsætte kortere observationsperioder, såfremt sådanne kortere observationsperioder vil bidrage mere effektivt til at fastholde velordnede handelsvilkår.
However, trading venues should be allowed to set out shorter observation periods in case such shorter observation periods would contribute more effectively to maintain orderly trading conditions.
Af konsekvenshensyn og for at sikre velfungerende finansmarkeder er det nødvendigt, at bestemmelserne i denne forordning og de tilsvarende nationale bestemmelser til gennemførelse af direktiv 2014/65/EU anvendes fra den samme dato.
For reasons of consistency and in order to ensure the smooth functioning of the financial markets, it is necessary that the provisions laid down in this Regulation and the related national provisions transposing Directive 2014/65/EU apply from the same date.
Den Europæiske Værdipapir- og Markedstilsynsmyndighed har afholdt åbne offentlige høringer om det udkast til reguleringsmæssige tekniske standarder, som ligger til grund for denne forordning, analyseret de potentielle omkostninger og fordele samt indhentet en udtalelse fra interessentgruppen for værdipapirer og markeder, der er nedsat i henhold til artikel 37 i Europa-Parlamentets og Rådets forordning (EU) nr. 1095/2010 [2] —
The European Securities and Markets Authority has conducted open public consultations on the draft regulatory technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the opinion of the Securities and Markets Stakeholder Group established by Article 37 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council [2],
»ordre« alle inputmeddelelser, herunder meddelelser om afgivelse, ændring og annullering, der sendes til en markedsplads' handelssystem, og som vedrører en ordre eller en prisstillelse, men ikke meddelelser om annullering, der sendes senere med henblik på:
‘order’ includes all input messages, including messages on submission, modification and cancellation sent to the trading system of a trading venue, relating to an order or a quote, but excluding cancellation messages sent subsequent to:
uncrossing i en auktion
uncrossing in an auction;
afbrydelse af forbindelse til markedsplads
a loss of venue connectivity;
anvendelse af nødstopfunktion (kill)
the use of a kill functionality;
»transaktion« en fuldstændigt eller delvis udført ordre.
‘transaction’ means a totally or partially executed order;
»mængde« mængden af handlede finansielle instrumenter udtrykt som en af følgende:
‘volume’ means the quantity of financial instruments traded expressed as any of the following:
antallet af instrumenter for aktier, depotbeviser, ETF'er, certifikater og andre lignende finansielle instrumenter
the number of instruments for shares, depositary receipts, ETFs, certificates and other similar financial instruments;
obligationers og strukturerede finansielle produkters nominelle værdi
the nominal value for bonds and structured finance products;
partiers størrelse eller antallet af kontrakter for derivater
the number of lots size or contracts for derivatives;
ton kuldioxid i forbindelse med emissionskvoter.
metric tonnes of carbon dioxide for emission allowances.
Forpligtelse til at beregne forholdet mellem ikke-udførte ordrer og transaktioner
Obligation to calculate the ratio of unexecuted orders to transactions
Markedspladserne skal beregne forholdet mellem ikke-udførte ordrer og transaktioner, som deres medlemmer og deltagere har indført i systemet, for hvert finansielt instrument, der handles på et elektronisk løbende ordrebogshandelssystem, prisstillerhandelssystem eller hybridhandelssystem.
Trading venues shall calculate the ratio of unexecuted orders to transactions effectively entered into the system by each of their members and participants for every financial instrument traded under an electronic continuous auction order book or a quote-driven or a hybrid trading system.
Markedspladserne skal beregne forholdet mellem ikke-udførte ordrer og transaktioner for hvert af deres medlemmer eller hver af deres deltagere mindst ved hver handelsperiodes afslutning på følgende måder:
Trading venues shall calculate the ratio of unexecuted orders to transactions for each of their members or participants at least at the end of every trading session in both of the following ways:
efter mængde (samlet mængde af ordrer/samlet mængde af transaktioner) – 1
in volume terms (total volume of orders/total volume of transactions) – 1;
efter antal (samlet antal ordrer/samlet antal transaktioner) – 1.
in number terms (total number of orders/total number of transactions) – 1.