EU Rules May Shake Up Equity Data

FRONT PAGE: INDUSTRY ISSUES

Industry associations and insiders are criticizing proposals for new European regulations aimed at increasing transparency and competition, saying they will have unintended consequences.

Under current regulations, firms that conduct trades off-exchange in the bi-lateral "upstairs market" still have to report the trades via their local regulated market. Upstairs markets are used when firms find better prices by trading direct with other dealers on an OTC basis or because they don’t want to re