Plato’s Planned Platform Could Serve as Precursor to European Consolidated Tape
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.
When European regulators included measures for a consolidated tape (CT) in their 2018 review of the trading rulebook, it was largely met with applause. The hope was that it would bring much-needed transparency into the market, help reduce market data costs, and allow firms to better comply with new mandates rolled out after the financial crisis. Almost two years later, though, the effort has gotten stuck in the mud as nobody wants to be the one responsible for it.
That might be about to change
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