Consolidated tape
SEC’s CT Plan timetable is ‘unrealistic’
Implementing governance structure for new US public equities datafeeds within a year is highly unlikely, say industry observers.
New entrants want to feed bond market’s hunger for data
In the absence of a consolidated tape for debt securities in the EU, vendors with different approaches to distributing fixed-income market data are emerging.
EC drafting proposal for derivatives consolidated tape
Commission official says beta version ready for testing in 2023 will also include equities, bonds and ETFs
Esma to ink deal for big data capabilities
The regulator is ditching its legacy architecture to cope with massive volumes of reported data and new supervisory responsibilities.
Traders: Consolidated tape could drive corporate bond market automation
The EC is pushing for a tape for fixed-income instruments, and market participants say it could speed up electronification, if implemented properly.
Not so Fast: SEC’s SIP Rule Speeds Ahead, But Faces Bumpy Road
Jo is skeptical that the SEC’s finalized market data infrastructure rule will make the public market data feeds faster.
SEC’s Market Data Infrastructure Rule Not Easily Said or Done
The finalized equities market infrastructure reforms will make a difference, but some market participants are calling for additional clarity.
EU Regulators Spill More Ink Tackling Market Data Costs
The latest consultation on the market data obligations under Mifid II looks to provide better, cheaper, and more uniform access to market data. But will it be enough to standardize policies?
Industry Still at Odds Over Use Case for an EU Consolidated Tape
Market participants say they want a high-quality, centralized source of market data for EU equities. But who and what is it actually for?
Waters Wrap: The M&A Market Heats Up (And Some Quantum Computing News)
What do Liquidnet and Trading Technologies (and others) have in common? Anthony explains. He also discusses advancement—and disillusionment—in the quantum space.
A Way Forward for the Consolidated Tape?
A recent EU-backed report has presented what might be the most viable governance model yet for the controversial project.
SEC, Exchanges Clash Over Revised Consolidated Tape Plans
US equity exchanges have pushed back aggressively against an SEC order directing them to submit a revised plan for operating the consolidated tapes of US equities quote and trade data.
EU Consolidated Tape: Support Wanes With Lack of Answers
With regulators slow to answer industry questions relating to how a CT should be built and what it's for, development has slowed.
SEC Preps Shakeup of US Consolidated Tapes
The SEC wants a single consolidated data plan to improve data latency and availability over the current consolidated tapes.
Brokers Tackle Pro v. Non-Pro Data Cost & Compliance Challenges
Max Bowie digs deep into how firms are making sure they classify data consumers correctly to avoid paying unnecessary fees.
Industry Bodies: EU Consolidated Tape Needs Strong Governance by Esma
Esma will use the submitted responses to draft its advice on market data costs and the European consolidated tape, which will be presented to the European Commission in December.
Wavelength Podcast Ep. 170: A European Consolidated Tape
Josephine Gallagher and Anthony Malakian discuss the merits of a European consolidated tape and how it relates to the CAT.
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.
Consolidated Tape Will Not Make Data Cheaper
Market data consumers will still have to buy feeds from the providers, says FIX co-chair.
May 2019: The Power of Potential
Max Bowie highlights some of the biggest stories from the May issue of Waters.
Industry Steps Up Calls for European Consolidated Tape
Traders in Europe face rising data acquisition costs and increasing regulatory reporting pressures argue that a pan-European consolidated tape is long overdue.
SEC’s Redfearn: US-Style Consolidated Tapes Won’t Solve Trading Data Needs
As European market participants bemoan the lack of a consolidated tape, a senior SEC executive debunks the idea that a pan-European tape, similar to the US, will resolve issues around data access and costs.
OPRA to Issue RFP for New SIP Providers
The authority is seeking proposals from new potential providers, but says the move is not necessarily designed to displace current SIP operator SIAC.
Bad Education: How to Cure Cynicism Around SI Data
Amelia Axelsen investigates how buy-side cynicism of Mifid II's systematic internalizer regime could be cured through education.