August 2017: By Accident or Design
With large numbers of firms still unprepared for many aspects of MiFID II, Max questions whether the laggards—whatever their motives—are ready for the impact of non-compliance on their business.
This is true for just about every aspect of MiFID II pertaining to data management. For example, Joanne Faulkner reports, when it comes to exchange data, which MiFID II forces exchanges to “disaggregate” as separate datasets so consumers can pay for only the data that they need, user firms are so overwhelmed (a) by other MiFID II compliance projects, and (b) the complexity of disaggregated fee models that they have asked exchanges to continue the status quo to avoid further disruption.
One of
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