The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has launched a Consultation Paper (CP) seeking input from market participants in relation to its draft guidelines on the MiFID II/MiFIR obligations on market data.
The proposed Guidelines build on the assessments and recommendations from a 2019 ESMA Report on Market Data. They provide guidance on the requirement to publish market data on a reasonable commercial basis and the requirement to make market data available free of charge 15 minutes after publication.
#Consultation | We need your input in relation to #ESMA guidelines on t/ #MIFIDII/ #MIFIR obligations on market data. ⏳ 11 Jan. 2021
✔️ publish market data on a reasonable commercial basis
✔️ make data available free of charge 15 min. after publicationhttps://t.co/mt5SwCj3m0 pic.twitter.com/9gIbFL6b6p— ESMA – EU Securities Markets Regulator ?? (@ESMAComms) November 6, 2020
The proposed Guidelines will ensure better and uniform application of the MiFID II/MiFIR obligations on market data. In addition, ESMA also believes that their implementation supports consistent, efficient and effective supervisory practices.
Next steps
The consultation closes on 11 January 2021. ESMA will consider the feedback received and expects to publish the final report and Guidelines by Q2 2021.
Source: ESMA
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
Growth of AI and similar advanced analytical technologies have elevated the value of market data.
-
Insights from two recent industry conferences provide a snapshot of the state of innovation on the trading des...
-
Initial focus will be on data management and analytics product development and delivery.
-
New product addresses the specific needs of quantitative analysis and backtesting.
-
Firms says latency from Nasdaq in Carteret, NJ to TMX is less than 1.940 ms one-way.