With consolidated tapes (CT) on the way and the market looking at increased transparency and competition, Claudia Preece delves into data access, cost, and risk in fixed income post-Brexit – does data hold the key to a healthier market?
Provider power is creating a dynamic in which asset managers and banks are on an unsustainable path - it will become economically un-viable, Substantive Research chief told the TRADE.
The regulator’s decision on how to define a multilateral trading facility follows the close of the consultation period last November.
AFME lists key considerations to take on board around the establishment of a UK consolidated tape as the FCA’s consultation period, set out in July, closes on Friday.
Newest communication follows watchdog’s findings in March that found competition in the wholesale data market lacking.
The new framework proposes that venues listing crypto assets should shoulder the responsibility of the issuer in cases where none exist – as is the case for Bitcoin, asserts an Acuiti report.
Following last’s night Mansion House address, industry experts provide insights into the latest research developments to improve the attractiveness of UK markets.
Rule changes as suggested by the investment research review could be made as early as the first half of next year, subject to FCA board approval.
Latest development follows last week’s milestone agreement from European Council and Parliament to introduce a consolidated tape in the EU.
Recommendation from the Division of Market Oversight (DMO) and Division of Data (DOD) relates to swaps transitioning from USD LIBOR to risk-free rates.