Financial data market will be hit by Mifid, says CEPS chief

Karel Lannoo, chief executive at the Centre for European Policy Studies (CEPS) in Brussels, argues in a policy brief that the implementation of the Markets in Financial Instruments directive (Mifid) will have a significant impact on the financial market data business.The opening-up of the market for equity market data raises the question of whether data will be sufficiently consolidated and of high enough quality post-Mifid, or whether it will become too fragmented, thereby hindering price t