Consolidated tape
Leaked EC Draft Seeks to Clarify Ambiguity in MiFID 2 Data Rules
In the draft document, the European Commission attempts to address uncertainty around the obligations of market participants under MiFID 2.
Activ Adds Nasdaq Basic Feed to ActivFeed
The data will give Activ clients an alternative to official US consolidated tape feeds.
IEX Slams NYSE’s Unbundled Last Trade Plan, Citing Data Disparity with CTA Feed
The vendor says NYSE's plan to offer more granular last trade data on its proprietary feeds disadvantages consolidated feed users.
Aquis CEO Haynes: Feeds Will Stay Free Until Europe Gets Data Shake-Up
Trading venue will not introduce data fees until its free model has pressured incumbents to lower their own fees.
MarketAxess Debuts ‘Axess All' EU Bond Trade Tape
Fixed income trading platform MarketAxess has launched Axess All, a service that provides aggregated pricing and volume for the most actively traded European bonds, and which the company describes as the industry's first intraday tape of trade data for…
2014 Review: ESMA Weighs in on EU Consolidated Tape; Details TBC
While 2014 saw European regulators take important steps towards making a pan-European consolidated tape a reality, market data professionals are still waiting for the crucial details that will shape its implementation.
2014 Review: In US, Consolidated Tape Saga Comes Full Circle
While Europe has yet to establish a consolidated tape, the US market spent 2014 pushing through changes to make its own tapes more resilient to market outages following a series of glitches last year. However, the path towards change was not smooth.
Opening Cross: Will Cost Concerns Neuter Future Litters of CATs?
Belgian beer-maker Stella Artois’ long-running “Reassuringly Expensive” ad probably didn’t win fans among market data managers, who continue to shudder at the thought of any kind of cost increase.
UTP to Decide SIP Processor in Oct., After Renewing Nasdaq as SIP Administrator
The UTP Operating Committee, the industry body that oversees the operation of the US consolidated feed of quote and trade data on Tape C Nasdaq-listed stocks, will appoint a new tape processor next month, after selecting Nasdaq OMX as administrator of…
Nasdaq Increases UTP Tape SIP Capacity
Nasdaq OMX, operator of the Securities Information Processor (SIP) for the consolidated feed of quote and trade data on Nasdaq-listed stocks—known as Tape C, or the Unlisted Trading Privileges (UTP) Plan—has announced that it will increase the bandwidth…
UTP Votes to Adopt Nasdaq SIP Recommendations
The UTP Operating Committee, the industry body that oversees the administration of the consolidated feed of quote and trade data on Nasdaq-listed stocks─known as Tape C or the Unlisted Trading Privileges (UTP) Plan─has approved recommendations put…
EU OKs MiFID 2; ESMA Wades into Details
After more than three years of negotiations, the European Union last week struck a long-awaited agreement on its review of the Markets in Financial Instruments Directive that mandates trading venues to make pre- and post- trade data available on a …
Nasdaq Quits SIP Over Lack of Tape Progress
Nasdaq OMX plans to cease operating the Securities Information Processor (SIP) that collects data on Nasdaq-listed stocks, calculates a best bid and offer, and distributes the consolidated feed of quote and trade data─known as Tape C or the Unlisted…
2013 Review: EU Consolidated Tape Encounters Hurdles to Implemenation
Progress continued on the long uphill road toward the introduction of a pan-European consolidated tape, but suffered a setback this year after regulatory uncertainty over MiFID 2 led to the dismantling of industry-led group The COBA Project, which was…
Nasdaq Hikes Basic, GIDS, Level 2 Fees
Nasdaq OMX has notified clients of a wave of fee increases impacting its Nasdaq Basic feed of real-time best-bid-and-offer and last-sale data for US equities, its Global Index data service and its Level 2 data feeds, to mitigate the costs associated with…
UTP Participants Propose Adding Odd-Lot Trades to Tape
The Securities and Exchange Commission is inviting comments on proposals by the exchange participants in the UTP (Unlisted Trading Privilege) consolidated tape of quote and trade data in Nasdaq-listed stocks to include odd-lot trades on the UTP last sale…
SIFMA Cries Foul to SEC Over UTP Tape C Fee Hike
SIFMA calls on SEC to reject 25 percent Tape C price increase, claims UTP did not follow mandated procedures before raising fees.
Bloomberg Ups Nasdaq Tape C Admin Fee
Bloomberg is increasing its monthly administration fee for the Tape C feed of Nasdaq Level 1 data from $2 to $3 -- a seemingly insignificant increase, though end-users say it increases the vendor’s administration revenues while firms are still struggling…