EU Consolidated Tape: Support Wanes With Lack of Answers
With regulators slow to answer industry questions relating to how a CT should be built and what it's for, development has slowed.
The devil is in the details—unfortunately, a lack of details is exactly what has plagued the establishment of a European consolidated tape (CT) over the last decade.
James McKeone, vice president of European data at Nasdaq, understands the theory behind a tape, and he understands a tough, ingrained problem in Europe’s market structure—deep fragmentation and a need for transparency. He says that Nasdaq was supportive of a tape, so long as it’s useful to the industry and does not increase costs
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