SEC’s Redfearn: US-Style Consolidated Tapes Won’t Solve Trading Data Needs
As European market participants bemoan the lack of a consolidated tape, a senior SEC executive debunks the idea that a pan-European tape, similar to the US, will resolve issues around data access and costs.
A US-style consolidated tape is not the answer to the industry’s market data problems across the EU and beyond, according to a US regulatory executive.
Speaking at the TradeTech conference in Paris, Brett Redfearn, director of trading and markets at the US Securities and Exchange Commission (SEC), said there are two fundamental issues with the existing US consolidated tapes—latency and the lack of content available on the services.
The two US consolidated tapes—the Consolidated Tape
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 print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Waters Wavelength
Waters Wavelength Podcast: Episode 257 (DLT loses favor)
This week, Shen and Tony talk about the usability of distributed ledger technology as a solution for capital markets firms.
Subscribe to Weekly Wrap emails
Most read
- Could cloud kill the data licensing debate and shake up pricing models?
- AFTAs 2022: All the winners and why they won
- State Street looks to bolster Charles River, Alpha platforms with FundGuard integration
- AFTAs 2022: Most cutting-edge IT initiative—Morgan Stanley
- Industry mulls identifier schema for digital assets