To ensure an orderly market and that trading venues have the correct internal controls in place, MiFID II requires the monitoring and reporting on Order to Trade Ratios (OTR). This is a process that Equiduct currently has in place, however, MiFID II stipulates two ways of performing these calculations which requires Equiduct to make a small change to be in line with the new regulation. This is for internal checks and will not be published information.