Friday, December04, 2020 / 08:05 AM / by IOSCO / Header Image Credit: IOSCO

TheBoard of the International Organization of Securities Commissions (IOSCO) isseeking feedback on a consultation report on issues relating to access to market data in secondary equity markets.

Market data is an essential element of fair and efficient markets. Morespecifically, market participants need information on  quotations andtrades in order to make informed and competitive trading decisions and tocomply with certain regulatory requirements. However,participants in many jurisdictions have raised concerns about the content, costs, accessibility, fairness andconsolidation of market data.

The IOSCO consultation report on Market Data in the Secondary Equity Markets describes these concerns and asks forindustry views on both the issues and possible regulatory responses to them.The report identifies and describes the issues and concerns relating to:

• The market data necessary to facilitate trading in today's markets;
• Fair, equitable and timely access to market data;
• The interchangeability of market data;
• Fees for market data;
• The need for and extent of data consolidation; and
• Additional products and services related to accessingmarket data.

IOSCO's work in this area aims to provide useful information forjurisdictions considering their supervisory and regulatory approach to marketdata. IOSCO welcomes comments on and responses to the questions in thisconsultation report on or before 26 February 2021.

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