2012 Review: Industry Takes Key Steps Towards EU Consolidated Tape


At the start of 2012, the Federation of European Securities Exchanges—in association with industry participants and data vendors—published version 1.0 of the Market Model Typology (MMT), a framework for standardizing trade flags across Europe as the basis for creating consolidated tapes of pan-European post-trade data. Despite the ongoing efforts of exchanges and data vendors to map to the framework, the lack of post-trade data standards and a viable commercial model for the tapes slowed progres

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