Brexit to deliver further blow to Mifid transparency data

Market participants say duplicate reports in UK and EU will result in misleading public data

Transparency report confusion: off-venue trades across the new EU-UK border will be reported twice

Dealers and investors trying to gauge the depth of trading from already patchy European Union data are due to face another setback from Brexit, as off-venue trades across the new EU-UK border will be reported twice.

“It has been a challenge to get the transparency regime to be an effective tool for investors, and actually adding in duplication by design is something that I think would be really quite unhelpful,” says Jason Waight, head of regulatory affairs at trading platform MarketAxess and