Banks express concern over top venues’ bid for EU consolidated tape

End-users are worried about the repercussions of handing over a data monopoly to the heavyweight operators in the fixed income space.

Banks and asset managers are concerned that a venue-led consolidated tape (CT) for fixed income—run by Bloomberg, Tradeweb, and MarketAxess—would enhance investment firms’ reliance on a small group of operators in the bond markets and solidify the venues’ dominance in the space.

“When I found out about the consortium being put in place, my view was that this is not a good decision for us, the consumer side,” says a senior market data lead at a European-based investment bank.

That market data

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Bank-backed Versana takes aim at syndicated loan tech

Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.

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