About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

MTF Operators Join Forces to Form Pricing Data Working Group

Subscribe to our newsletter

Originally appeared in MiFID Monitor

Multilateral trading facility (MTF) operators Chi-X, Turquoise, Plus Markets and Nasdaq OMX have formed an informal working group to examine the potential of establishing an alternative source for pricing and market data. The agreement between the various parties is a reaction to the fragmentation of the equity markets under the Markets in Financial Instruments Directive (MiFID) and the dominance of the London Stock Exchange (LSE) in the sector.

The group plans to explore the idea of a market-based solution in order to ensure that traders have an adequate number of pricing data feeds for comparative purposes under best execution. The MTF operators have highlighted the US’s centralised system for aggregated price reporting as a potential model for discussion.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to simplify and modernize data architecture to unleash data value and innovation

The data needs of financial institutions are growing at pace as new formats and greater volumes of information are integrated into their systems. With this has come greater complexity in managing and governing that data, amplifying pain points along data pipelines. In response, innovative new streamlined and flexible architectures have emerged that can absorb and...

BLOG

Six Providers of SFDR Reporting Solutions

Europe’s ESG regulatory space is dominated by the Sustainable Finance Disclosure Regulation, which requires listed companies in the bloc to declare the sustainability credentials of the funds they manufacture and the assets in which invest. Its intention is to give investors and advisers a clearer understanding of how sustainable investments are. Compliance requires the reporting...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...