DSB Dissent: Venues Slam Cost of European ISIN Utility
The godfather of European financial regulations is making trading venues an offer they can’t refuse. To comply with a compulsory reporting requirement of Mifid II, they must sign a contract that sources call “unacceptable.” Risk.net’s Samuel Wilkes reports on how trading venues are reacting to the ANNA DSB utility’s commercial model.
In a press release issued as Inside Data Management went to press, ANNA DSB said that as of December 7, 77 organizations had signed up for fee-paying subscriptions to its service, with a further 74 registering for its no-cost data services—up from just 29 users reported last month, all of which were paying clients.
However, it seems that organizations—particularly trading venues, which will bear the greatest burden for requesting new ISINs, and will therefore be subject to the highest costs—are
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