Response to FSA Consultation on Consequential Handbook Amendments: Post-Trade Transparency and Trade Data Monitors

The Exchange fully supports the proposal for a TDM regime, which we believe has the potential to address the market data needs of both market participants and regulators. Reliable market data is important to all users of the financial markets - particularly investors in, and issuers of, financial instruments.

However, we suggest amendments to some of the guidelines, where we do not believe that the current wording will achieve the desired outcome.