The TRADE 77 - Q3 2023 | Page 60

[ I N D E P T H | C O N S O L I D A T E D T A P E ]

If you build it ,

With consolidated tapes ( CT ) on the way and the market looking at increased transparency and competition , CLAUDIA PREECE delves into data access , cost , and risk in fixed income post-Brexit – does data hold the key to a healthier market ?

The fixed income data landscape is facing imminent change . In response to calls for greater transparency and enhanced data access , regulators are set to implement consolidated tape models in a bid to improve overall data quality and lower costs . But how will this play out empirically ?

In recent years , the fixed income markets have undergone especially significant transformations , evolving from more manual to increasingly electronic workflows – via MTFs and direct connectivity – and this has made data
60 // TheTRADE // Q3 2023