MTFs Urge Consolidated Tape in MiFID Review

"Competition has further driven down the cost of trading in Europe, but there is always more to be done. As we see it, driving down post-trade costs, developing a consolidated tape and tackling the issue of interoperability are three of the key industry challenges for 2010," says Alasdair Haynes, chief executive of Chi-X.

"We believe that Europe needs a consolidated tape of record and a European best bid and offer, and believe strongly that this is something the regulators need to address as par