MiFID JWG Addresses Level 3 Data Issues


The MiFID Joint Working Group real-time market data subject group last week released recommendations for the Level 3 pre- and post-trade transparency requirements of the EU's MiFID regulations.

One of the primary recommendations addresses the issue of duplicate post-trade reporting. This occurs when the same source reports data via more than one aggregator, making it difficult for downstream consumers to identify and remove the duplicates.

"When you look at the issue of duplicating post-trade

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