1. Methodology and parameter
OTR T7 Release 7.0 update
Methodology and parameter
January 2, 2019
Notice attachment

2. OVERVIEW
With T7 Release 7.0, to be implemented on 3rd December 2018, OTRs will be calculated per investment firm, aggregating all related members, where relevant. Therefore the OTR Report TR101 will be adapted to reflect these changes.
For ISE T7, members receive three intraday reports and one final report per day in text, and XML format. The reports are available in the Common Report Engine.
Calculated per member, per instrument, per day. The ratio is defined in the Trading System Usage Guidelines.
Release 7.0 Update
Report Provision
OTR Calculation
January 2, 2019

3. OTR Components OTR Components OTR
Calculated per member, per instrument, per day
Total Volume (number) of orders & quotes
Total inserted volume (number) of all orders and quotes per member and per instrument.
Includes insertions, deletions and modifications.
Modifications are treated as deletion and re-insertion and therefore counted twice.
Quotes are counted twice to consider the bid and ask sides
OTR Components
Total Volume (number) of transactions
Total executed volume (number) of orders or quotes per member and per instrument.
Floor
Total of granted units per day.
January 2, 2019

4. OTR Calculation method
Volume based OTR Formula
MiFID II OTR Regime
Calculation and assessment on a daily basis
Two OTR measures based on volume and on numbers
Contains a floor
Number based OTR Formula
January 2, 2019