Data Disruption?
Could MiFIR disrupt the commercial models of reference data vendors?
London-based consultant and co-chair of FIX Trading Community's Reference Data Subgroup Chris Pickles is apparently the first to have noticed a potential implication for commercial data vendor models in the reference data reporting and republication requirements for the Markets in Financial Instruments Regulation (MiFIR) published by the European Securities and Markets Authority (ESMA).
At Pickles' suggestion, in January, industry forum the Financial Information Services Association (FISD) held
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