Esma grasps at solution to Mifid data woes

UK to stay in data aggregation project despite Brexit

Data flow
Data collector: Esma to gather trade data to help meet Mifid's transparency rules

The European Securities and Markets Authority (Esma) is set to aggregate the data needed to implement key rules under the EU's Markets in Financial Instruments Directive (Mifid II). Esma chairman Steven Maijoor told the European Parliament's economic and monetary affairs committee on June 21 that 27 countries have now agreed to give Esma responsibility for collecting the data.

The numbers – on trading volumes, trade numbers and sizes – will determine what kind of transparency requirements apply

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