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.
WatersTechnology recaps some of year’s top EU stories.
Corporate bond market data provider is also adding data visualization to its post-trade product.
Troubles still plague reported data and transparency objectives, say fixed-income execs.
As the SEC prepares to host a two-day event to tackle market data access and fee issues, industry user groups and Nasdaq have laid out their positions on SIP reform. Max Bowie reports.
Whether through an industry initiative or a delegated acts, a consolidated tape provider will be established in Europe, and the industry could lose out if the regulators dictate the terms.
The trio of execs bring decades of experience in the financial services and market data industries.
Problems and bad practices continue to plague Europe's vision of a new transparency regime. An inside look.
Approved Publication Arrangements—a critical component in the new Mifid II European markets regulation—may be falling short of their requirements under the new transparency rules, and have drawn Esma’s attention. By Samuel Wilkes, with additional…
Officials say that making the new data available is part of continuing efforts to increase transparency around the SIPs.
Speakers at a conference organized by Inside Market Data stablemate FX Week believe a consolidated tape of FX data is needed to support increasingly data-intense analytics. FX Week editor Eva Szalay reports on the arguments behind calls for an…
It is looking increasingly likely that no consolidated tape provider will be authorized by the time Mifid II comes into force Jan. 3; regulators call lack of authorized CTP an “ongoing issue.”