MiFID II - Liquidity Provision

Liquidity provision activity. This flag is used to indicate whether the order is related to any sort of liquidity provision activity, as defined under MiFID II. Liquidity Provision indicator is a requirement to calculate the orders towards MM obligations.

Settings

It is possible to mark all market orders as Liquidity Provision by default in Kodiak OMS Settings → Market Orders by checking the “Entered orders are a liquidity provision by default” checkbox.

Open

Order Entry Form

To mark a specific market order as a liquidity provision you can check the Advanced checkbox to show advanced input and check the “Liquidity Provision” checkbox.

Open

Price Quotes Settings

It is possible to mark all orders entered through the Price Quote control as a liquidity provision by choosing Settings and checking the “Orders are entered as a Liquidity Provision” checkbox.

Market Maker Control Settings

It is possible to mark all orders entered through the Market Maker control as a liquidity provision by choosing Settings and checking the “Is Liquidity Provision” checkbox in the Market Maker General Settings Window.

The default value of “Is Liquidity Provision” can also be edited per Instrument in the Market Maker Settings window: