Banks Scuttle Yellow Submarine
The consortium had aimed to provide a common data contribution and distribution platform whereby consortium members could share quote and trade data to combat rising data costs, while also complying with EU's Markets in Financial Instruments Directive's pre- and post-trade transparency requirements. Although it is still possible that the project—also known as Project Yes—may be resurrected in the future, sources have informed Inside Market Data that it is no longer being considered as a viable
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