Firms question viability of UK consolidated tape model
UK government plan for a competitive framework for the consolidated tape raises concerns
Market data users and market participants are concerned about the viability of the UK consolidated tape (CT) if the government adopts a model that allows for competing providers to come forward, rather than allocating a single vendor as CT provider (CTP).
Daniel Mayston, head of electronic trading and market structure at BlackRock, says any CTP will have to make massive investments to build their offering, and a competitive model would diminish the promise of good returns.
“They would know
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