Consolidated tapes gain ground in 2022
Regulators in the US, UK, and EU moved to push forward market data efforts this year.
That market data costs too much is a perennial complaint of institutional trading organizations. And sometimes, regulators agree with them, particularly when they conclude that costs are being passed on to individual investors.
In recent years, regulators in the US, UK, and EU have considered reforming or introducing consolidated tapes of data. In the US, the Securities Information Processors (Sips) are the pride of the equity markets, vaunted by politicians as one of the reasons these markets
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