Trade data review
June
2022
Trade data review results
02/03/2023
02/03/2023
We asked for your input on the changing use and value of data in wholesale financial markets. Here, we set out the work we are doing and provide updates on progress.
We have now published our Trade Data Findings Report and launched the Wholesale Data Market Study.
In March 2020, we published a Call for Input (CFI) on accessing and using wholesale data. On 11 January 2022, we published our Feedback Statement (FS22/1) and announced a programme of follow-on work, in particular that we would:
We found that trade data users are generally able to access the data they need and this data plays an important role in investment activity in the UK.
However, we also found areas where competition is not working as well as it could. These include:
We are prioritising work in these 2 areas and we will consider the extent to which the issues we have identified in this review are addressed by the outcome of this further work.
Under The Financial Services and Markets Bill, the Government aims to tailor financial services regulation to UK markets. The Financial Services and Markets Bill implements the provisions of the Future Regulatory Framework (FRF) Review, including the transfer of firm-facing legislative powers for financial services previously contained in EU law to the FCA.
This will mean we can make changes to relevant legislation in the future. We will engage with stakeholders about any proposed further actions relating to trade data.
For queries about this work, please contact us at [email protected].