Game changer

The MiFID-driven boom seen in Europe ETFs has one major flaw

'It would be game-changer for volumes if we can create consolidated tape like in US market, to provide real overview of European ETFs'

bloomberg

05.01.2018

Europe's new MiFID II law is seen as a game changer for the region's ETF market, but one thing is missing that could really help it take off.

Europe's market for exchange-traded-funds, scattered across the bloc's dozens of countries, still lacks a single reporting source – called consolidated tape. Without such an electronic tracker to provide real-time volume and pricing data, MiFID's intended goal of improving transparency will be a tall order.