FISD Publishes MiFID 2 Transparency Whitepaper

Industry association FISD has released a whitepaper detailing how the European Union's review of the Markets in Financial Instruments Directive (MiFID 2) will impact transparency in European markets, particularly around pre- and post-trade market data.

The report was compiled on the back of meetings of FISD's MiFID 2 Transparency Working Group, which comprises members from investment banks, stock exchanges and data vendors, and touches on issues relating to market transparency,  including the delivery of consolidated tape data and how consolidated tape providers can operate commercially. The group views this whitepaper as a Version 1 release, and will update it as the legislation itself progresses.

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