Dutch sandbox aims to broker EU consolidated tape
As data quality issues are a main impediment to a viable consolidated tape in Europe, Dutch regulator AFM has helped develop pilots in its Innovation Hub sandbox.
The European Commission has moved to create the legislative conditions that will foster the emergence of EU consolidated tapes (CTs) of market data. Late last year, the bloc published a proposal that looks to amend the Markets in Financial Instruments Regulation (Mifir) to allow a set of tapes to materialize. As WatersTechnology reported last year, data quality issues and some regulatory uncertainty over data are giving potential consolidated tape vendors pause for thought, as a lack of
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