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Market Structure

  • January 11, 2021 • EPTA, Market Structure, Recordkeeping and reporting, Advocacy, Europe, Advocacy, Position Papers

    FIA EPTA response to the ESMA Consultation Paper on Guidelines on the MiFID II/MiFIR obligations on market data

    FIA EPTA members welcome the opportunity to respond to this Consultation Paper on Guidelines on the MiFID II/ MiFIR obligations on market data. FIA EPTA has consistently supported ESMA’s work on market data issues and we very much welcomed ESMA’s review report from December 2019 and its draft Guidelines which build on this report. As we have shown in our response to ESMA’s previous consultation in 2019, user data fees are high and have increased over the past years.

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  • January 8, 2021 • EPTA, Market Structure, Recordkeeping and reporting, Advocacy, UK, Market Structure, Advocacy, Position Papers

    FIA EPTA response to the FCA Call for Input on accessing and using wholesale data

    FIA EPTA welcomes the opportunity to respond to the FCA Call for Input on accessing and using wholesale data. Below, we respond to the FCA’s questions in relation to trading data, benchmarks and market data vendor services. FIA EPTA members observe that user data fees are high and have increased over the past years. Empirical data which we have analysed substantiates this. We also observe that new fees have been added and that market data policies and agreements are increasingly complex.

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