Benefits of a Consolidated Tape for Resolving Bond Liquidity Fragmentation
Consolidating bond liquidity in European and UK markets is key, and that’s where the idea of a consolidated tape (CT) comes in. Both the European Securities and Markets Authority (ESMA) and the UK Financial Conduct Authority (FCA) are working hard to figure out how to make this happen for the diverse world of bonds. Unlike stocks and ETFs, bonds bring a whole different level of complexity to the table. With regulators focusing on bond type definitions, regulatory and core data, how things are deferred, and making sure data quality is top-notch. It’s all about bringing together and making it easier for everyone to access market info.
