In response to ESMA’s final report on the prices for market data and the consolidated tape for equities, Sean Barwick, Associate Director of Equities at AFME, said:
“AFME welcomes ESMA’s final report on the price of market data and the consolidated tape for equities. Importantly, ESMA has recognised that the overall price of market data has increased and that pricing is not typically based upon the costs of producing and disseminating market data. Increased transparency requirements will help market participants and regulators to scrutinise pricing structures meaning that market data should be charged on a ‘reasonable commercial basis’, as required by MiFID II.”
“We look forward to working with policymakers and regulators to ensure that ESMA’s proposals on market data are implemented and AFME looks forward to contributing to further dialogue on the establishment of a consolidated tape.”
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