In response to the announcement today that EuroCTP will become the first provider of the EU’s Consolidated Tape, April Day, Managing Director, Head of Capital Markets at the Association for Financial Markets in Europe (AFME), said:
“AFME welcomes the announcement that EuroCTP has been selected as the first provider of the EU’s consolidated tape (CT) for equities and ETFs. A consolidated tape is a key step toward greater transparency and efficiency in European capital markets, giving investors faster and more reliable access to trading information.
"A consolidated tape is an important first step toward greater transparency and efficiency in European capital markets, supporting investors with faster, more reliable access to trading information. However, the current scope of the tape is limited. In this regard, we welcome the European Commission’s recent proposals to expand the depth of the tape by including five levels of trading venue book depth, with full attribution, which will significantly increase the utility of the tape for European investors."
