BATS Chi-X Touts 2014 Data Price Cap, BXTR Reporting as Basis for EU Tape

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Mark Hemsley, chief executive of BATS Chi-X Europe, says the fee cap is a positive step towards the goal of offering European market data at a commercially reasonable price─one of the key factors currently being discussed under the European Commission's review of the Markets in Financial Instruments Directive (MiFID 2).

"We think that the offering we have is priced correctly.... The market data is profitable for us, but is also priced at a level that's acceptable to the market, and we believe th

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