Industry remains divided over case for EU consolidated tape

Christian Katz, CEO, SIX Swiss Exchange

The upcoming review of the European Commission's Markets in Financial Instruments Directive has market participants divided over whether the proposals should contain provisions for a consolidated tape of pan-European market data.

Market fragmentation caused by the introduction of MiFID has resulted in firms being forced to collect data from multiple trading venues to obtain a full view of trading in that stock-when trading in a stock has fragmented to the extent that significant portions of liqu

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