UK steps closer to single trading feed in bid to revitalise market
UK steps closer to single trading feed in bid to revitalise market LONDON, July 31 (Reuters) - Britain's markets regulator the Financial Conduct Authority (FCA) published detailed proposals for a single feed for UK trading data on Friday, in an effort to help reinvigorate the market and improve transparency.
The FCA said it had refined its proposals and was seeking market feedback, ahead of finalising the rules in early 2027.
The aim of the so-called "consolidated tape" is to combine real-time data from multiple trading venues into a single feed to give investors a more complete view and to counter perceptions the UK market lacks liquidity. The European Union is planning to launch its own consolidated tape in September, while the U.S. has operated one for decades.
(Reporting by Iain Withers; Editing by Emelia Sithole-Matarise)