Copenhagen Economics has conducted a study on the pricing of financial market data. We find clear indications that financial trading venues such as stock exchanges hold a dominant position on the market for financial market data. The study provides some evidence that this has given rise to excessive pricing of financial market data. Consequently, we recommend that the Commission investigates avenues for regulating the prices of financial market data – preferably on raw market data – in its ongoing review of the MiFID directive.   The study was conducted for the Danish and Swedish Securities Dealers Associations.   You can read the report here   For more information, please contact Partner, Sigurd Næss-Schmidt