Panel: Buy Side Should Build Consolidated Tape for FX
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 independent data source.

Fragmentation is a defining feature of currency markets, along with the lack of a consolidated price. Several private-sector initiatives have aimed to resolve this issue, though these efforts have mainly targeted liquidity providers and the sell side.
“The problem with existing tape initiatives is the lack of co-operation from the buy side,” said Patrick Fleur, head of trading and execution at Dutch asset manager PGGM. “I’ve been advocating for this for the last couple of years already, but I
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