The tape will be available both as a real-time consolidated data feed and as a 15-minute delayed ‘Tape of Record’.
According to NYX, the ‘Tape of Record’ will be free of charge to all investors and will be made broadly available via both the internet and market data vendors.
The consolidated tape will contain complete coverage of post-trade equities data from all European regulated exchanges, MTFs, and OTC markets.
NYSE Technologies plans to invite other markets to partner in providing consolidated tape solutions and will supply the technology to other providers and approved publication agents to power their own tapes.
In July 2010 NYSE Technologies entered into a strategic partnership with Markit BOAT, a trade reporting venue in Europe within its own range of market data products, to deliver a consolidated OTC tape that includes trades reported to Markit BOAT and NYSE Euronext’s OTC trade reporting platform.
NYSE Euronext president and deputy CEO Dominique Cerutti said that the trade reporting standards enable competition which in turn, brings the innovation and cost reduction needed to resolve Europe ‘s transparency burdens.
"A European ‘Tape of Record’ will address the critical elements in the MiFID post-trade transparency debate relating to the quality and cost of consolidated equity post-trade data," Cerutti said.
