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European market data: too high a price? 

June 17, 2014
Elliott Holley, Banking Technology

“MMT takes away the last excuses from the exchanges,” says Mark Hemsley, chief executive officer at BATS Chi-X Europe. “One excuse was that we don’t have data standards. Then they said the OTC data is not under control. Well, we’re making great strides on that. So it will come down to commercials. This is the only industry I can think of where we have a monopoly with no price regulator in place. That argument is finally getting through.”

The Market Model Typology is a post-trade reporting standard that was adopted by the FIX Trading Community in February. The MMT initiative was originally launched by the Federation of European Securities Exchanges with the aim of standardising post-trade data and providing greater transparency.

Read more: Banking Technology

 
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