FCA Reveals Users' MiFID 2 Cost Concerns, Outlines Proposed Reporting Platform Fees

FCA meeting minutes show users expressing their concerns about the cost of data, post-MiFID 2, while the FCA outlines the costs of its own MiFID 2 reporting solution.

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During a hosted roundtable in May, FCA officials sought to reassure market participants that dialogue would continue on the issues. The European Commission has said MiFID 2 will tackle the rising costs of market data by forcing providers to set their fees at a "reasonable" level.

The directive says that the price of market data should be set according to "the cost of producing and disseminating such data and may include a reasonable margin." However, roundtable participants questioned how to de