Originally appeared in MiFID Monitor
Following the announcement towards the end of last year that a group of European multilateral trading facilities (MTFs) would be working together to develop a common symbology system and pricing data service for European stocks, the group has indicated it is conducting meetings regarding the plans this week.
The group, which includes Equiduct, Turquoise, Chi-X and Bats Europe, is looking at launching a service that aggregates the share prices available on all exchanges and trading facilities across Europe. This would put the service in direct competition with the information services offered by traditional exchanges such as the London Stock Exchange (LSE).
