[ I N D E P T H | C O N S O L I D A T E D T A P E ] all the more essential to traders .
When it comes to a CT , in the UK and the rest of Europe , where the data will be sourced from , and how it will inevitably be consumed , is still up for debate .
Currently , the wheels are being set in motion , with regulators aiming for a fixed income tape that can be used in both front-office execution and post-trade analysis . However , it ’ s become clear on both sides of the channel that simply building a tape and waiting expectantly for the market ‘ to come ’ is a fruitless approach – market opinion and participation is crucial to the build-out .
The market had spent decades lobbying for something akin to a CT many years prior to Brexit , but the UK and Europe ’ s split has exacerbated the need for a consolidated data source as regulators compete to make their markets more attractive and competitive .
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