This Week: Competition ramps up for EU equities tape, Tradeweb-Euroclear-IGM partnership, Nasdaq, and more

A summary of the latest financial technology news.

Group of European firms joins race for equities CT

A group of banks and asset managers including Barclays, Credit Agricole, Societe Generale, UniCredit, and BlackRock has backed the European Parliament’s proposal for an equities consolidated tape (CT) and will explore bidding to operate the tape. A report previously commissioned by the group said that including only post-trade data could jeopardize the business case for a CT, and called for a pre-and post-trade tape. Click here for more

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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