Establishing a single record of trading data from the dozens of separate nationa...
FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, December 12, 2019. REUTERS/Yves Herman
The mechanism, known as a “consolidated tape”, has been a longstanding goal for investors in Europe, which has about 20 trading venues. Some offer the same stocks but publish information on trades and volumes in different ways. Its creation is now the first priority of the Commission in its review of the rules, the EU executive said on Monday in a document that began a public consultation on the overhaul of MiFID II, which has been in force since 2018.
The measure would also help brokers to locate liquidity at the best price available in the European markets, and make it easier to evaluate their broker’s performance in executing an order, the commission said.
Norge Siste Nytt, Norge Overskrifter
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