Article 25.2 of Regulation (EU) No 600/2014 (MiFIR) states that “The operator of a trading venue shall keep at the disposal of the competent authority, for at least five years, the relevant data relating to all orders in financial instruments which are advertised through their systems…”. Commission Delegated Regulation (EU) 2017/580 specifies the data relating to every order that must be kept.
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