Latest report individually addresses every complaint by exchanges surrounding the original research and reaffirms original stance that the cost of data is too high.
As market data prices continue to rise, efficiencies are not being passed on to the rest of the market, said Market Structure Partners’ Niki Beattie, speaking at a Plato Partnership event.
Research reveals exchanges are supplementing suffering equity market revenues with soaring market data prices, despite accusation of there being ‘no specific costs for producing market data’.
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.
A study from Market Structure Partners carried out for the European Commission has recommended the EU moves forward with plans to form a consolidated tape.