MFA calls for the swift implementation of a consolidated tape for UK fixed income markets in a comment letter submitted to the Financial Conduct Authority (FCA). The letter is a response to the FCA’s December consultation paper on the framework for a consolidated tape for fixed income securities.
MFA supports the implementation of a consolidated tape for fixed income securities because it will improve market participants’ access to timely, accurate data. Market data is critical to investment managers’ strategies and improved data will benefit UK market competitiveness. MFA also encourages the UK to improve the functioning of an even larger portion of its capital markets by developing a consolidated tape for equities.
“Implementing a consolidated tape for the UK’s fixed income markets will improve transparency, bolster liquidity, and make the UK’s capital markets more competitive. Making accurate, and timely market information widely available through a consolidated tape…
