CESR: Build EU Tape or Face EC Mandate
European financial market participants should be given a final opportunity to provide a fairly priced consolidated tape of real-time, pan-European equity trade data before regulators consider imposing a mandated solution, according to recommendations from the Committee of European Securities Regulators (CESR) in advance of the European Commission’s review of the Markets in Financial Instruments Directive (MiFID).
The CESR suggests the consolidated tape should be implemented “on the basis of a
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