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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 Commission
Market-makers say a consolidated tape ‘needs to come from the top’

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

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