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#profitfromyourcontributions

Banks need to look at their own data creation and publishing processes first as they are often the original price source, especially for OTC securities.

What data you contribute to which vendor and how is crucial to understanding regulatory and reputational risk as well as taking the highground in being able to ask the aggregators/vendors to produce the best (verifibale) rates possible that are up to your standards.

If you think the main data providers are working on your behalf, just ask them to:

Provide an instrument inventory of what you (as a global organisation) are contributing to them?

Ask to see which of your competitors has access to your data per type of permission?

Will these answers comply with MifID2?.....to be continued....