Patchy data thwarts consolidated tape hopefuls in Europe
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.
In trade data utopia, investors would have access to a stream of information on equity, bond and derivative transactions that is up-to-the-second, standardized and doesn’t cost much.
The idea is not yet reality in Europe. But the European Union’s long-held ambition to create a consolidated tape of exchange-listed trade data moves one step closer on November 23 when lawmakers release details of their wider project to create a single capital market across the region. A consolidated tape is one of
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Exchanges plead with SEC to trim CAT reporting requirements
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Friendly fire? Nasdaq squeezes MTF competitors with steep fee increase
The stock exchange almost tripled the prices of some datasets for multilateral trading facilities, with sources saying the move is the latest effort by exchanges to offset declining trading revenues.
Europe is counting its vendors—and souring on US tech
Under DORA, every financial company with business in the EU must report use of their critical vendors. Deadlines vary, but the message doesn’t: The EU is taking stock of technology dependencies, especially upon US providers.
