Several documents published by the UK government outlined major plans, including details on the sweeping changes to MiFID II requirements.
Tag: Consolidated tape
Ahead of TradeTech, global head of trading at Schroders, Gregg Dalley, tells The TRADE about the impact of market structure changes on liquidity since Brexit, and provides his thoughts on other hot topics such as SPACs and the consolidated tape.
EFAMA and EFSA have said a consolidated tape would not help with issues relating to market data costs as they back recent study from Market Structure Partners.
A study from Market Structure Partners carried out for the European Commission has recommended the EU moves forward with plans to form a consolidated tape.
ESMA has made several recommendations in its report on the MiFID II review, but a poll from Rosenblatt Securities suggests the buy-side is not quite on the same page as the regulator.
The European Fund and Asset Management Association said a lack of enforcement on costs of market data has been detrimental to consolidated tape efforts.
Equity exchanges in the US have been told to submit new plans for control over the controversial consolidated tape.
MiFID II failing to improve market data fee conflict with ESMA looking to equities consolidated tape solution
Review of MiFID II finds market data fee issues are not being addressed by the regulation as ESMA recommends real-time consolidated tape for equity instruments.
ESMA chair Steven Maijoor says it is time to decide if and how a consolidated tape should be produced in Europe.
Fragmented nature of European regulatory authorities means a TRACE-style source of fixed income data is unlikely to be replicated in Europe, according to panelists.