Mifid II: market reveals data reporting sticking points

Banks, trading venues and APAs remain baffled by wildly inconsistent data reports produced under Mifid II. Different APAs ask for different information; LEI codes have expired and firms argue elements of trade reports simply aren't relevant to their business. With such a patchwork of approaches being taken, arguably the directive's overarching transparency aim hasn't been achieved. Consolidated tape is needed - but the business case simply isn't there

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