The European Commission has published a document entitled Methodology for monitoring prices, costs and volumes of trading and post-trading activities. The document has been prepared by Oxera Consulting Limited and provides a methodology to monitor changes over time in prices, costs and volumes of equities and bonds trading and post-trading activities. The methodology covers domestic transactions within the following financial centres:

  • Major financial centres - France, Germany, Italy, Spain, Switzerland and the UK.
  • Secondary financial centres - Belgium, Luxembourg, the Netherlands, Norway, Poland and Sweden.
  • Other financial centres - Austria, Czech Republic, Denmark, Greece, Ireland and Portugal.

In addition to domestic transactions, the methodology covers bilateral cross-border transactions between all the major financial centres, and between each of the secondary financial centres and at least two of the major financial centres. Transactions with other major financial centres in the world (outside the EU) are not covered by the methodology. It is the Commission’s intention to apply the methodology to transactions in equities and bonds, in dematerialised and immobilised form, in 18 financial centres in the EU (and Switzerland) in the next 3 years, starting in September 2007.

View Methodology for monitoring prices, costs and volumes of trading and post-trading activities, 2 August 2007