FCA declines to directly regulate market data prices
A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.
The UK Financial Conduct Authority (FCA) published the results from its year-long Wholesale Market Data Study, which was launched to investigate whether the markets operated by market data, benchmark, and credit ratings providers were being hindered by anti-competitive behavior.
Across all three markets in scope of the study, the FCA found high concentration of no more than three key providers, that those key providers are highly profitable, data from key providers is essential to users, and
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