Implementing governance structure for new US public equities datafeeds within a year is highly unlikely, say industry observers.
In the absence of a consolidated tape for debt securities in the EU, vendors with different approaches to distributing fixed-income market data are emerging.
Commission official says beta version ready for testing in 2023 will also include equities, bonds and ETFs
The regulator is ditching its legacy architecture to cope with massive volumes of reported data and new supervisory responsibilities.
The EC is pushing for a tape for fixed-income instruments, and market participants say it could speed up electronification, if implemented properly.
Jo is skeptical that the SEC’s finalized market data infrastructure rule will make the public market data feeds faster.
The finalized equities market infrastructure reforms will make a difference, but some market participants are calling for additional clarity.
The latest consultation on the market data obligations under Mifid II looks to provide better, cheaper, and more uniform access to market data. But will it be enough to standardize policies?
Market participants say they want a high-quality, centralized source of market data for EU equities. But who and what is it actually for?
What do Liquidnet and Trading Technologies (and others) have in common? Anthony explains. He also discusses advancement—and disillusionment—in the quantum space.
A recent EU-backed report has presented what might be the most viable governance model yet for the controversial project.
US equity exchanges have pushed back aggressively against an SEC order directing them to submit a revised plan for operating the consolidated tapes of US equities quote and trade data.
With regulators slow to answer industry questions relating to how a CT should be built and what it's for, development has slowed.
The SEC wants a single consolidated data plan to improve data latency and availability over the current consolidated tapes.
Max Bowie digs deep into how firms are making sure they classify data consumers correctly to avoid paying unnecessary fees.
Esma will use the submitted responses to draft its advice on market data costs and the European consolidated tape, which will be presented to the European Commission in December.
Josephine Gallagher and Anthony Malakian discuss the merits of a European consolidated tape and how it relates to the CAT.
Industry experts say not-for-profit organization is building a post-trade market data platform that could be a precursor to an EU consolidated tape.
Market data consumers will still have to buy feeds from the providers, says FIX co-chair.
Max Bowie highlights some of the biggest stories from the May issue of Waters.
Traders in Europe face rising data acquisition costs and increasing regulatory reporting pressures argue that a pan-European consolidated tape is long overdue.
As European market participants bemoan the lack of a consolidated tape, a senior SEC executive debunks the idea that a pan-European tape, similar to the US, will resolve issues around data access and costs.
The authority is seeking proposals from new potential providers, but says the move is not necessarily designed to displace current SIP operator SIAC.
Amelia Axelsen investigates how buy-side cynicism of Mifid II's systematic internalizer regime could be cured through education.