Fidessa has provided further details of its plans to replicate a now-defunct Thomson Reuters product that tracked the market share of European equity trading venues with a similar service by the end of this year.

Thomson Reuters shut its closely-watched European Market Share Reporter product, or EMSR, last month following data issues. The service, which cost subscribers £2,000 a month and was used for post-trade analysis, provided daily and monthly market share statistics from competing equity venues across Europe, North America and Asia-Pacific.