Consolidated Tape

From payment for order flow to consolidated tape, developments in specific Mifir review areas will be watched with interest

AFME report on EU sovereign bond trading data highlights the need for carefully calibrated post-trade deferrals, better quality data, and a flexible approach to transparency regulation

While the industry is against a derivatives consolidated tape, it may help banks with the internal models approach

Getting the balance right in the sovereign bond transparency regime is key to ensuring the emergence of the consolidated tape and its commercial viability

Difficulties around the highly politicised data contribution issues are stalling the legislative package – to the dismay of market participants

Although the French presidency has achieved significant progress on a consolidated tape, certain unresolved issues will delay a final proposal by at least a year

While there is wide support for the emergence of a tape among market participants, a cross-industry group has released a position paper addressing concerns over some in the EU proposals