Respond to Mifid now

Author: | Published: 26 Aug 2010

The strangest thing about the Committee of European Securities Regulators’ (Cesr) recommendations for a consolidated tape at the end of July was the apathy with which they were greeted.

The band of European securities regulators has proposed that a consolidated tape – a complete record of all trading – should be established for exchange-traded funds (ETF) and other equity-like instruments. This would bring the EU into line with the US, where all ETF trading, both on and off-exchange, has to be reported.

The timing of the recommendations to the Markets in Financial Instruments Directive (Mifid) certainly...