Related

9 minute read
A consolidated tape in the EU? How fixed income and equity trading markets perform
The European Council and Parliament have been discussing the European Commission’s proposal to create a consolidated tape with prices and volume data on fixed income securities and equities traded in the EU. We take stock of the debate around the Commission’s proposal, review key empirical evidence, and explore the… Read More

8 minute read
Payment for Order Flow and a consolidated tape: the impact on retail investors
The European Commission is proposing to introduce a consolidated tape with data on fixed income and equity transactions to help retail (and institutional) investors achieve ‘best execution’. It is also proposing to ban the practice of Payment for Order Flow (PFOF). What is PFOF, and what are the pros… Read More