UK tipped to take lead on consolidated tape provision
Fixed income focus could pip European Union in race to provide market data golden source
The UK has the opportunity to “grasp and rapidly implement” a consolidated tape particularly for fixed income markets, according to Kay Swinburne, chair of the International Regulatory Strategy Group, a cross-sectoral group representing the financial industry.
Swinburne said such a consolidated tape “might look like the early days of Trace, where you had only 20 names involved”, with more instruments added over time.
“A single source rapidly done, piloted with a small number of instruments – I
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