EU Regulators Spill More Ink Tackling Market Data Costs

The latest consultation on the market data obligations under Mifid II looks to provide better, cheaper, and more uniform access to market data. But will it be enough to standardize policies?

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In October 2018, the Securities and Exchange Commission (SEC) held a roundtable discussion on market data costs and market access. Amid the other commissioners in their dark suit jackets, commissioner Hester Peirce stood out in a white blazer with a print designed to look like artful splatters of black ink.  

Peirce explained her sartorial decision during her welcome address, saying that while she had been preparing for the roundtable, the SEC’s director of the division of trading and markets

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Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

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