FCA plans markets measures to bolster competitiveness

FCA has announced proposals to set up a consolidated tape which can supply clear and low-cost trading data. It plans to start with a CT for bonds, then equities, and will run a competitive tender process to appoint the first provider. It has also published guidance on the trading venue perimeter to help firms understand when they may require authorisation as a trading venue. The guidance will take effect in October, and its consultation on the CT closes on 15 September.

Emma Radmore