CESR: Build EU Tape or Face EC Mandate

European financial market participants should be given a final opportunity to provide a fairly priced consolidated tape of real-time, pan-European equity trade data before regulators consider imposing a mandated solution, according to recommendations from the Committee of European Securities Regulators in advance of the European Commission's review of the Markets in Financial Instruments Directive (MiFID).

In its report, CESR suggests that the consolidated tape should be implemented "on the basi

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