2012 Review: Industry Takes Key Steps Towards EU Consolidated Tape

6-imd2012-year-in-review

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

To continue reading...