The technology arm of Nyse Euronext has announced plans to launch a consolidated tape providing complete coverage of post-trade equities data from all European regulated exchanges, MTFs, and OTC markets beginning Q3 2011.
So, it's looks like we may have 'competing' consolidated tapes in Europe. How will that work then? Isn't that the opposite of what the industry wants (needs)?
Well exactly Liz, and I also can't quite figure out how one exchange group, going it alone, is going to get its hands on all the market data it needs, in real time?
I know! I am sure the LSE will go running to Basildon, real-time data in a welcome basket, and just hand it over to Nyse. ;-)
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