MiFID 2 Mandates Industry-Led EU Tape

European commission

The European Commission has decided not to create an independent, utility-model consolidated tape of pan-European, post-trade data as part of its review of the Markets in Financial Instruments Directive, but will leave provision of a consolidated tape to competing “authorized” market data providers, and will set conditions for any vendors wishing to act as tape providers, it emerged last week.

“We have analyzed the benefits of different market models, and have examined closely the solutions adop

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