[ N E W S R E V I E W | M A R K E T D A T A ] adds . “ MiFID tried to address this issue , but their solution has fallen way short . Some post-trade information is made available , via APAs , but because such a small number of bonds are deemed liquid , the reality is the data is almost totally useless .”
Last year , the EU markets watchdog revived its efforts to establish a consolidated tape with the launch
“ There ’ s massive frustration in the industry due to the lack of any reliable post-trade data for corporate bonds in Europe .” of an industry consultation . The consultation was focused on the development of a tape for equities , and it noted that implementing a tape for non-equity instruments will be more difficult . However , the consultation said potential providers should gain experience from developing an equities tape , which could then be deployed to the non-equity tape .
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