MiFID 2 Targets Data, Transparency Issues

A mandatory consolidated tape of pan-European equities trade data is one of the options designed to increase transparency and reduce the costs of market data being considered by the European Commission, which this week began a two-month consultation with market participants in the region over pending reforms to its Markets in Financial Instruments Directive (MiFID) regulation.

At a press conference on Wednesday, Dec.8, Michel Barnier, the EC's internal market and services commissioner, said that