Covid-19 struck consolidated tape regains attention as market seeks clarity
By Alice Tchernookova
September 30, 2020, Practice Insight from IFLR
Originally planned as part of Mifid II, the emergence of an EU consolidated tape provider (CTP) has been long in the making. While numerous market consultations had eventually led to some form of consensus early in the year, Covid-19 reshuffled policy makers’ priorities. But the tide could be turning once again.
“Back in March, the whole industry – regulators, politicians and market participants – was actively lobbying and was focused on delivering an EU CTP,” said Graham Dick, CEO at Aquis Exchange Europe. “Then the pandemic struck, and this sadly put on ice what had progressively become a ‘hot topic’. The subject is now being discussed again, but the real momentum that existed in March has declined. We just have to wait and see.”
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