Trading associations hit out at European Commission’s consolidated tape revenue scheme
Among the concerns raised are renumeration plans for compensating data contributors to a tape and the ongoing issue of market data costs.
Among the concerns raised are renumeration plans for compensating data contributors to a tape and the ongoing issue of market data costs.
EFAMA and EFSA have said a consolidated tape would not help with issues relating to market data costs as they back recent study from Market Structure Partners.
The MiFID II SI regime, best execution reporting, market data costs and the share trading obligation were among the areas the EFSA has urged authorities to prioritise.