Europe’s trade body for the asset management industry has renewed the sector’s call for a single, mandatory electronic system that collates stock prices and other information across the continent, helping to drive down costs of trading.

The European Fund and Asset Management Association made the recommendation on 22 May, alongside a series of other suggestions to improve flexibility and transparency for investors, in its response to the EU’s ongoing review of Mifid II, its flagship markets regulation. The European Commission, the EU’s executive body, asked for feedback from industry on its review on 17 February.