Wavelength Podcast Ep. 170: A European Consolidated Tape

Josephine Gallagher and Anthony Malakian discuss the merits of a European consolidated tape and how it relates to the CAT.

Anthony Malakian, Editor-in-Chief of WatersTechnology, records a weekly podcast touching on the biggest stories in financial technology.

To hear the full interview, listen in the player above, or you can download it.

This week, Anthony and Josephine Gallagher, senior reporter for WatersTechnology, discuss the European consolidated tape and how it mirrors what we’re seeing in the US with the consolidated audit trail.

https://www.waterstechnology.com/trading-tools/4495891/platos-planned-platform-could-serve-as-precursor-to-european-consolidated-tape

https://www.waterstechnology.com/data-management/4520496/finra-cat-lays-out-security-plans

2:30 When the consolidated tape was first proposed, the idea was largely applauded. 
5:00 No one wants to be responsible for building this thing.
7:15 There is some overlap with what we’re seeing with the consolidated audit trail (CAT).
10:00 A look at the next few deadlines/significant dates. (Brexit could throw this all off.) 
17:00 Why it might make sense to have the Plato Partnership build the consolidated tape (though this is pure speculation). 
20:30 Finally, to wrap things up, Jo tries to explain Brexit and what Boris Johnson is doing to Tony.

[CORRECTION: At the 8:10 mark, Anthony says that full production of the CAT is scheduled for April 2020. That is incorrect: the first phase of the CAT rollout, which will be for simple equities—not options or other complex instruments—is scheduled for April 2020. Full production is scheduled for 2022. We apologize for the error.]


Contact Info

As is the case with everything we do, we'd love to get some feedback from our listeners.

Anthony Malakian: 646 490 3973; [email protected]

Josephine Gallagher: 44 20 7316 9582; [email protected]


Past 10 episodes:

Episode 160: Pete Cherecwich of Northern Trust

Episode 161: Gerard Francis of Bloomberg

Episode 162: IEX on the Transaction Fee Pilot

Episode 163: Tony Amicangioli on Cloud, Race to Zero

Episode 164: Changes at WatersTechnology

Episode 165: Roman Ginis on Trade Execution

Episode 166: Brian Lichtenberger on Alternative Data

Episode 167: Keith Lubell on Libra, Big Tech & Programming Languages

Episode 168: A Look at the Hemp Market 

Episode 169: Wall Street Rides FAR for Autism Research

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