The UK Financial Conduct Authority (FCA) heard views from a range of market participants about the way competition is working for the supply of trading data, benchmarks and market data. Overall, views were mixed, largely reflecting respondents’ position in the market. Nevertheless, some market features were highlighted that the FCA thinks warrant further investigation to ensure markets for the supply of data are working in the interests of users.
Among them are trading data; benchmarks; the role of market data vendors; and use of alternative data and advanced analytics.