Workshop on the Call for Evidence on the structure of European equity markets

ESMA will hold a workshop on its call for evidence on the structure of European equity markets. The call for evidence , as well as the related workshop, aim to gather views and qualitative/quantitative information stakeholders may have on the topic. The consultation period will end on 30 June 2026.

This workshop is addressed to all financial market participants, including trading venues and investment firms, as well as to asset management, data reporting service providers, trade associations, issuers and other stakeholders involved in financial regulation, investor education, and retail investment market developments.

During the workshop we will discuss and gather input focusing on the main topics tackled in the call for evidence which are:

• the decline in lit continuous trading between 2022 and 2025 and the increase activity in other trading mechanisms, mainly closing auctions, frequent batch auctions and systematic internaliser (SI) trading;
• the concept of addressable liquidity and its treatment under RTS 1, including possible adjustments to the post-trade transparency flagging framework.