LSE Chief Urges Review of Data Regs

"The cost of operating in a fragmented, inefficient reporting environment... needs to be looked at," Rolet said, adding that the LSE is "confident that post this review, the framework will be laid for a much more efficient and interoperable European environment."

Rolet also defended exchanges' right to charge for their data, citing the considerable efforts required to maintain reliable market data and vet off-exchange transactions that are reported to the exchange.

"Everything from scrubbing the

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