Europeans face longer wait for consolidated tape for ETFs
Issuers say lack of trading volumes is holding back a European ETF market that lags behind the US
European exchange-traded funds (ETFs) may be excluded from a consolidated tape that gathers together market data for all the equity trades that take place in the European Union.
The EU’s executive arm is mulling whether to create a separate tape for ETFs, according to the head of the securities markets unit at the European Commission (EC). Creating a new tape for exchange-traded products would mean that investors have longer to wait before they can use a single feed for on and off-exchange
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