Update on the EU Consolidated Tape
TransFICC provides an update on the Consolidated Tape, featured in The Trade
In light of new developments around a potential consolidated tape provider (CTP) selection process expected to begin next year, Tim Whipman, head of business development at TransFICC, anticipates that modern interface technology, resiliency, and existing business continuity planning will be required when determining CTPs in each asset class.
"As we move closer to a bond CTP being selected, it is clear that the market needs increased competition (more than the current two interested parties) and that a cost-effective solution is a pre-requisite. By using existing hosting and infrastructure technology for post-trade data, this will support the delivery of a low-cost tape in terms of initial build and ongoing running costs."
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