A post relating to this item from Finextra:
18 November, 2010
FPL calls for industry-led European consolidated tape
FIX Protocol Limited (FPL) has submitted a proposal to securities regulators urging an "industry led solution" for the establishment of an authority overseeing the delivery and governance of a European consolidated tape.
What great news that FPL has put their hat in the ring to bring the consolidated tape to market. They had such terriffic success with establishing FIX and are one of the few organisations that has acheived notable success in the securities industry over
the last decade and more.
Its vitally important for the global securities industry that the design and ownership f the organisation is a not for profit structure. There is strong commercial contendors in this space that would destroy the concept before it has a chance.
I hope the politicians and regulators see the sense of a industry led solution and the fact that FPL has the presence and history to deliver the consolidated tape.
Get behind FPL on this as its so important that the industry takes charge of its affairs before it is bestowd from on high and we end up in a further mess