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Brexit, MAR, Mifid

FCA’s Call for Input on accessing and using wholesale data

Last week the UK’s Financial Conduct Authority(FCA) released this Call for Input(CFI) on “Accessing and using wholesale data”. The CFI covers:

  • Trading data
  • Benchmarks
  • Market data vendor services

The CFI examines many issues including the pricing and availability of trade and order data across different venue types, which could for example be used as part of surveillance systems implementation. It also examines the use of market data as in input to machine learning.

This article on the Lexology web site by Rob Moulton of Latham & Watkins LLP summarises the paper and observes that the CFI could result in some divergence by the UK from the EU after the Brexit implementation period.

The deadline for responses has been extended to October 2020 alongside other several FCA consultations and CFIs due to the Corona virus outbreak (see here).

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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