Pickles Unpicks CESR's Level 3 Guidance on MiFID's Data Challenges
The Committee of European Securities Regulators recently issued its Level 3 guidance and recommendations concerning market data challenges resulting from the European Commission's MiFID regulations. Chris Pickles, industry relations manager at BT Radianz and chair of industry body the MiFID Joint Working Group, spoke to Inside Market Data to explain the reasons behind each recommendation.
IMD: CESR's first guideline requires that data be "monitored continuously for errors," using a system that
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