The consolidated tapes are taking shape—but what shape exactly?

With political appetite established on both sides of the Channel, attention is turning to the technical details.

Market structure experts and data professionals are waiting with bated breath for details about future consolidated tapes (CTs) to emerge from technical discussions taking place behind closed doors in the EU and the UK.

After years of planning, debate, and vigorous lobbying, both governments have signaled their intent to forge ahead with the construction of CTs—key pieces of market infrastructure that provide investors with a live stream of trade data from venues across the jurisdiction. EU

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