Mystery surrounds APA failure in European bond markets
European bond market participants are keen to know which post-trade data reporter, known as an approved publication arrangement (APA), has ‘data quality issues’ resulting...
Bloomberg forces SEC to provide cost analysis of primary issuance database
Bloomberg has had its case for the US Securities and Exchange Commission (SEC), to provide an analysis of the costs for a primary bond...
MiFIR: Controversy around consolidated tape proposal for revenue sharing with venues
The Czechia presidency of the Council of the European Union proposed amending the Markets in Financial Instrument Regulation (MiFIR) on 16 December 2022, with...
Meet the consolidated tape contenders
Europe’s development of a consolidated tape for trading data now has clear front runners, and benefits.
Three firms have confirmed they will compete to be...
Are costs in consolidated tape feasibility study too high?
Capital markets consultancy, Adamantia, has worked together with institutions including Barclays, BNP Paribas, Crédit Agricole CIB, Deutsche Bank Group, Natixis CIB and Société Générale...
Location will determine bid-ask spreads for European bond traders
Where European bond traders and their counterparties are sat could affect the size of bid-ask spreads they are shown, thanks to a split in...
ICMA proposes post-trade deferral regime for sovereign bonds
The international Capital Markets Association (ICMA) has proposed a deferral regime for post-trade sovereign bond data, to counter the ‘complicated’ approach currently allowed.
In...
Meet the consolidated tape contenders
Europe’s development of a consolidated tape for trading data now has clear front runners and benefits.
Three firms have confirmed they will compete to be...
Finbourne responds to closure of Bloomberg, MarketAxess & Tradeweb consolidated tape project
Finbourne, the financial technology and services firm selected to manage the now defunct joint project between Bloomberg, MarketAxess and Tradeweb to launch a consolidated...
ESMA confirms launch of bond CTP in 2025
The European Securities and Markets Authority (ESMA) has confirmed consolidated tape providers (CTPs) will be selected by the end of next year, pushing the...
