GreySpark Pans EU Consolidated Tape for BestEx
A consolidated tape of pan-European post-trade data is not sufficient for buy- and sell-side firms to achieve and demonstrate best execution, according to the results of research conducted by London-based capital markets consultancy GreySpark Partners.
The European Commission’s second iteration of its Markets in Financial Instruments Directive mandates such a tape in its draft proposals, which the EC released last month (IMD, Oct. 24). But according to the research, released last week
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