Smaller firms with annual revenue below £50 million will not be charged for tape data, to “support the government’s objective to create a strong and diverse UK-based fintech ecosystem,” Etrading Software chief executive tells The TRADE.
While the US consolidated tape emerged alongside centralised exchanges, the challenge for Europe’s long-awaited iteration lies in its being built after fragmentation became entrenched in its markets, said panellists speaking at the Equities Leaders Summit in Miami on Tuesday.
Less than a third of quantitative trading firms believe their front-office infrastructure can handle the volumes expected by the end of the decade, according to Acuiti’s latest report.
Chief executive of Etrading Software has asserted that the delivery of the infrastructure will not be disrupted by the ongoing legal proceedings.
The TRADE sits down with Jason Mirsky, head of data solutions, Fusion, at JP Morgan, to discuss how data has evolved over the last few years, its role in trading and how the landscape is set to change going into 2026.
The new API offering will allow firms to “focus on their trading strategies instead of navigating the complexity of the underlying market plumbing,” Ediphy chief executive tells The TRADE.
The offering will focus on FX and Mifid respectively and is aimed at providing deeper insights into trading behaviour.
Specifically, firms using the SimCorp One investment management platform will have direct access to MSCI’s private market datasets and managed data collection services.
The submission will be made through the launch of a new non-profit organisation; move follows the recent launch of ESMA’s initial selection process for the tape on Monday.
The platform is set to enhance transparency, insight, and efficiency across Saudi and global capital markets.