2013 Review: EU Consolidated Tape Encounters Hurdles to Implemenation

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The COBA Project, an independent organization established at the end of 2012 by industry veterans Graham Dick and Mark Schaedel, was forced to scrap its plan for developing a shared framework of quote and trade data after stock exchanges and trading venues proved reluctant to fund the project due to the lack of clarity in European regulation (IMD, March 20).

Uncertainty over whether European regulators would mandate one or multiple providers proved particularly worrisome for stakeholders, who sa

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