Plato Partnership pushes for consolidated tape
Plato Partnership is a consortium of European buy-side and sell-side firms committed to improving markets, so they can more efficiently serve society. Plato Partnership’s Market Innovator Group (MI3) engages with its network of senior academics globally and sponsors independent academic research to identify better ways of executing trades, lowering the cost of trading, and improving the quality of processes that support the execution lifecycle.
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Plato Partnership and its network of senior academics note the recent focus from European policy makers and market participants regarding a consolidated tape for European equities. We strongly believe European policymakers should focus on improving transparency for all market participants through establishing regulations to ensure the creation of a real-time, post-trade consolidated tape (“CT”) for European equites at an affordable user price.
Plato Partnership and its network of senior academics strongly believe the implementation of a real-time post-trade consolidated tape for European equity and equity-like instruments will significantly improve transparency and create a level playing field for all market participants. Intervention from policymakers that addresses and regulates the considerations we have outlined can help ensure a consolidated tape is finally available in European markets.