FIX Trading Community, the non-profit standards body, aims to distribute new data flags for equities in the second quarter which could be integrated in a consolidated tape and create a golden source of European data.
Graham Dick, FIX co-chair for consolidated tape working group and chief executive of Aquis Exchange Europe in Paris, told Markets Media that FIX set up working groups to improve data standards for the proposed consolidated tape late last year.
The European Securities and Markets Authority has recommended a consolidated tape for equities in its first review of MiFID II. The regulation went live at the start of 2018 in the European Union and aimed to increase transparency, but it is still difficult for market participants to get a complete picture of trading data and trends across venues in the region.§
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