Update: ‘Commitment Issues’ Doom COBA Project

mark-hemsley-bats-chi-x
Mark Hemsley, chief executive, BATS Chi-X Europe

A lack of commitment from European stock exchanges and trading venues to the COBA Project—an independent organization dedicated to the development of a consolidated tape of pan-European market data—led to one of the scheme’s advocates withdrawing its support, causing COBA’s founders to disband the project, Inside Market Data has learned.

Sources close to the situation say that BATS Chi-X Europe, Markit Boat and NYSE Euronext had committed to support the project, and were about to embark on a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

Waters Wrap: GenAI and rising tides

As banks, asset managers, and vendors ratchet up generative AI experiments and rollouts, Anthony explains why collaboration between business and tech teams is crucial.

Northern Trust building internal cloud data ‘marketplace’

Using a mix of in-house expertise and third-party technologies, the firm has constructed a cloud-based data mesh that gives internal staff access to proprietary datasets and analytical tools to deliver greater insights into client activity.