Bloomberg, MarketAxess and Tradeweb will join forces to create an independent company and will submit a request for information in search for a third-party vendor to partner with.
Market participants and industry groups are challenging the UK government’s approach to a competitive framework for the consolidated tape.
The second half of the year saw some long-awaited progress in the mission to fill the void of a consolidated tape in the European Union.
Market participants worry a venue-led CT could be of low quality, with CT data used to create expensive additional products.
Vendors grapple with unstandardized data reporting and data gaps in their push to develop a consolidated tape, as the EU prepares to unveil its latest legislative plans.