The Practical Aspects in Delivering a European Consolidated Tape
The Market in Financial Instruments Directive (MiFID) significantly opened up competition in trading of European equities, bringing several benefits for investors. Yet, it also caused fragmentation, challenging both regulators and market participants in their ability to obtain a consolidated view of the market. A number of data collectors and aggregators, including Thomson Reuters, have emerged to address this unintended consequence of MiFID.
Some highlights of the report include insights on:
- How consolidated tape data can be useful
- What the proposed CTP would entail
- Comparison to the US consolidated tape