ESMA Outlines Potential Options for ‘Reasonable' Post-Trade Data


ESMA, which has ruled out mandating exchanges to provide data for free, and has also ruled out introducing price caps, says it is considering three different approaches to the issue.

First, data suppliers may be required to publicly disclose information such as price lists and any fee changes─in addition to metrics including number of instruments covered and the date of the last license fee change for a given data product─via a website.

Secondly, ESMA may mandate that revenues from trading venue