Study warns European Commission to learn from US when developing EU tape
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.
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.
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.
Fixed income participants express frustration at the unlikely launch of a consolidated tape in Europe for fixed income trading data.
UK government responds to confusion over consolidate tape provider, approved reporting mechanism and approved publication arrangement rules.
Threshold for trading venues will determine which are subject to consolidated tape rules.