The EU and ESMA are keen on pursuing the creation of a consolidated tape. ESMA has produced a consultation document which poses a number of questions around the provision of a consolidated tape and the technical standards that could be adopted. The first task for this working group will be to formulate a response to relevant questions within the consultation paper.
The use of Market Model Typology (MMT) has been featured during industry discussions and it is therefore important that the FIX community responds to the consultation on the areas that are relevant to the provision of clear and unambiguous standards.
UPDATE: FIX CTP – Data Standards working group has been created to initially address producing standards for the publication and categorisation of SI and OTC trade reports.
Employees of FIX member firms are invited to join this group, please email the Program Office if you would like to be added to this group.