Blast from the Past: EU regulator says Mifid II rules have failed on market data costs
By Philip Stafford
December 5, 2019, Financial Times
European exchanges will face closer monitoring of the prices they charge customers for basic data, after regulators ruled that the Mifid II markets revamp had not delivered on its aim of cutting the costs of trading.
A survey of data prices in Europe, carried out by the European Securities and Markets Authority and published on Thursday, found that the 2018 implementation of Mifid II had not meant data was being supplied to the market on a “reasonable commercial basis”, as the legislation had stipulated.
