ESMA Clarifies Expectations for EU Consolidated Tapes

The European Securities and Markets Authority (ESMA) is clarifying its expectations in the run-up to the launch of the EU's Consolidated Tapes. These tapes will aggregate market data from various trading venues, increasing market transparency and reducing data costs for investors. ESMA's clarification aims to ensure a smooth and efficient implementation of the new consolidated tape regime. This initiative supports the Capital Markets Union and aims to promote investment and competition in the EU financial markets.

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