This International Standard specifies a universal method of identifying exchanges, trading platforms, regulated or non-regulated markets and trade reporting facilities as sources of prices and related information in order to facilitate automated processing.
It is intended for use in any application and communication for identification of places
where a financial instrument is listed (place of official listing),
where a related trade is executed (place of trade), and
where trade details are reported (trade reporting facility).
Market Identifier Codes (MICs) are to be registered at operating/exchange level and at market segment level. Market segment MICs and their operating/exchange MIC are to be clearly linked in the published lists.