MiFID II inefficient due to lack of consolidated tape: ESMA

Europe
On the 12.06.19 at 7:39AM

by

Tuba Raqshan

ESMA’s MiFID II review found that the regulation fell short of its objective to reduce the cost of market data due to the lack of a consolidated tape.
Pixabay

Markets in Financial Instruments Directive (MiFID II), which came into force nearly two years ago, has not delivered on its objective to reduce the cost of market data charged by trading venues and Approved Publication Arrangemen

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