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Consolidated Tape – New rules in the US and the EU

Photo: Adobe Stock Images

Attempts to reform market microstructure include changes to the consolidated tape in the US and moves to enable the emergence of a consolidated tape in the EU and UK.

A consolidated tape (CT) is a mechanism that aggregates data on the price and sales volume of securities from a number of trading venues. Having access to this data allows investors to monitor market liquidity and make informed investment decisions. A CT also acts as a valuable risk and control