Six years after the EU MiFID Directive fragmented the European equity markets, private investors still cannot get consolidated pre- and post-trade data. The solution preferred by the Commission and by the European Parliament seems to be going nowhere.
EuroFinUse is very concerned that the EU has and is still losing a lot of time and has not properly evaluated the economic cost of market fragmentation. The options involving a single provider make much more sense and are inevitable in the long run, but given the Commission’s and the Parliament’s position, it is unfortunately likely that private investors will still have several more years to wait for eventually getting reliable and comprehensive trade information and best price execution of their trade orders.