Trade Secrets

For example, the fragmented post-MiFID European financial markets make it an onerous task to collect all the data that firms require to trade effectively on those markets. Though the data, for the most part, is readily available-and even free of charge, in some cases-gathering and utilizing it effectively can be a major challenge.

But firms still face the costs of not just connecting to and collecting the range of data available from primary markets-the established exchanges that actually list th

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