MiFIR Report - Response From Managed Funds Association

Responding to the European Parliament's Report on MIFIR, Jillien Flores, MFA’s Executive Vice President and Managing Director, Head of Global Government Affairs, The Managed Funds Association, representing 150 of the world’s leading global hedge funds, with nearly $2.6 trillion AUM, said:

“The draft MIFIR report is a positive step for markets. The rising price of market data harms efforts to strengthen the capital markets union and the report’s recommendations will provide ESMA the tools to ensure data is provided on a fair, commercial basis. All market participants should be able to secure market data at a reasonable fee that reflects the cost to produce and disseminate the data.”