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Opening Cross: "Fragmented" Doesn't Mean "Broken"

Not included in the report is the London Stock Exchange's revelation that it is considering a standalone feed of trade data, separate from its main datafeeds-something that would make it easier for clients to create a consolidated tape, which many still say is required for effective pan-European trading and best execution. Although the LSE has previously opposed a consolidated tape, it now aims to take the lead in facilitating it. Perhaps, now fragmentation has already taken hold in Europe, the

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Where a US antitrust case and a data law meet

The Waters Wrap: Regulators’ choice not to endorse a securities identifier under a new law keeps business as usual for firms required to pay Cusip license fees—but Reb isn’t ruling out a shake-up just yet.

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