'Avenues' Calls For Centralized Data Utility to Combat MiFID Abuse
Brian Taylor, a founding member of Avenues and managing director of UK-based BTA Consulting, says the proposed new utility would address a disparity in European financial markets, where a pan-European trading infrastructure currently relies on different national regulators to detect abusive market practices such as spoofing and front-running.
"The primary driver for this [centralized utility] is to level the playing field. Currently, there are different levels of surveillance responsibilities
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