Recent EU consolidated tape compromise is a ‘missed opportunity’, says AFME
AFME chief says inclusion of sufficient pre-trade information has been lost in negotiations and could lead to suboptimal outcomes.
AFME chief says inclusion of sufficient pre-trade information has been lost in negotiations and could lead to suboptimal outcomes.
New improvements will allow users to securely replicate and store all trading activity at any exchange connected to the network, ensuring speedier recovery in the event of a systemic outage.
The move follows ongoing concerns from clients and industry participants that the DTCC’s data feed contributed to information leakage.
Closing prices will be created for Euro-denominated nominal bonds issued by Austria, Belgium, Finland, European Union, France, Germany, Greece, Ireland, Italy, Netherlands, Portugal and Spain.
New offering compliments data from Tokyo Stock Exchange as well as recently added coverage from Cboe Global Markets Japan, Japannext Co. and SGX Group.
The three venues confirmed plans to apply to become the tape provider in June last year via a public procurement process organised by ESMA; have selected FINBOURNE as their infrastructure provider.
The addition follows the launch of Fenics GO by the interdealer broker in 2019.
New offering will provide access to global market data across various outputs as well as an off-the-shelf trading solution that can help reduce time-to-market for new fund launches.
The integration aims to plug data gaps in the fixed income space that remain a challenge for traders in Europe in the absence of a consolidated tape.
Upcoming regulatory upheavals mean the research market is wide open for firms that can act “quickly and decisively”, Substantive Research told The TRADE.