COBA Project Shelved as MiFID 2 Indecision Scares off Funding

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The COBA Project, an independent organization dedicated to the development of a European consolidated tape of quote and trade data, has suspended operations, citing "insufficient support to pursue implementation as proposed."

Co-founders Mark Schaedel and Graham Dick -- former head of market data at NYSE Euronext and former head of business development at Chi-X Europe, respectively -- decided to suspend COBA after a number of key stakeholders began to question the timing of the project following

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