In every aspect of a trade, from initiation and client facilitation to final settlement, the need to accumulate, assimilate and evaluate data will be multi-dimensional, cross-asset and cross-regional under the purview of the Markets in Financial Instruments Directive II (MiFID II). Trading and execution venues, the members who use them and the authorities responsible for monitoring them will be required to provide and use data to deliver a more transparent, robust and efficient market. TABB Group research, “MiFID II: The Data Conundrum,” reviews the required wholesale change to policies and procedures as well as greater harmonization of standards that will result as the impact of MiFID II on the industry and its relationship with data.
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