13.30 – 14.00 Registration & Virtual networking
14.00 – 15.30 Panel 1 – Data
• How has market data prices developed since MiFID II/MiFIR went into force? What is the reason behind this development?
• Has the Reasonable Commercial Basis (RCB) provisions been fully implemented?
• Does the concept of RCB need to be strengthened? How?
• Does the content, format and terminology of the RCB information need to be more clearly specified?
• Should sharing information on the actual costs of producing and disseminating market data be made mandatory?
• Should the provisions allowing charging for market data proportionate to the value the data represents to users be removed?
Panelists
Philippe Guillot Deputy Secrétaire General, in charge of Markets Directorate, Autorité des Marchés Financiers
Elena Febrel Economist, Ministry of Finance of Spain
Vincent Dessard Senior Regulatory Policy Advisor, EFAMA
Richard Metcalfe Head of Regulatory Affairs, World Federation of Exchanges
Moderator:
Rebecca Christie Visiting fellow, Bruegel
15.30 – 15.45 Virtual networking
15.45 – 17.10 Panel 2 – Consolidated Tape
• What are the reasons why an EU consolidated tape (CT) has not yet emerged?
• Is there a demand for an equity CT?
• Should an EU consolidated tape be mandated under a new dedicated legal framework?
• Should pre-trade data be included in a consolidated tape?
• What should be the latency of the tape?
• How should the tape be funded? How should its revenues be redistributed?
Panelists
Tilman Lueder Head of Securities Markets, European Commission
Alexandra Hachmeister Managing Director Market Data and Services, Deutsche Börse Group
Guillaume Prache Managing Director, Better Finance
Laetitia Visconti Head of EMEA Equities Market Structure, Barclays
Janelle Veasey Head of Real-Time Data, Refinitiv
Moderator:
Rebecca Christie Visiting fellow, Bruegel
17.10 – 18.00 Virtual networking
