ESMA Shifts Data Project Into Gear
European regulator talks to trading venues before testing, to centralize data reporting and liquidity calculations
Last April, regulator the European Securities and Markets Authority (ESMA) announced a project intended to centralize and render more efficient the process of reporting under the revised Markets in Financial Instruments Directive (MiFID II) and the Market Abuse Regulation (MAR).
The Instrument Reference Data Project aims to provide a central facility for collecting instrument and trading data from 300 trading venues across the EU, data upon which ESMA can then perform transparency and liquidity
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