Esma clampdown puts pressure on Mifid data services

Guidance insists that data be free and machine-readable, attacking current practices

Esma data montage

Data services that were launched in response to Europe’s new trading and transparency regime face a potentially costly overhaul, after the European Securities and Markets Authority concluded many were not complying with the rules.

Esma laid out its stance yesterday (May 29) in guidance on the revised Markets in Financial Instruments Directive that had been anticipated by Updated Q&As attacked five practices that have sparked criticism from market participants and legislators. Critics

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