Bringing you live news and features since 2006 

UK consolidated tape should include ETFs alongside equities: Invesco

RELATED TOPICS​

Jim Goldie, Head of EMEA ETF Capital Markets at Invesco, has commented on the FCA’s proposals for a UK consolidated tape, published this week.

Goldie says: “It was announced this week that the EU consolidated tape will include pre- and post-trade transparency, something that is desperately needed in Europe. However, it would’ve been great to see the EU consolidated tape go one step further to include venue attribution, which would have maximised the utility of the tape.

“This is hopefully something we will see addressed by the UK consolidated tape proposals, as venue attribution is incredibly important to provide transparency to investors around which venues are displaying best execution at a given point in time. Additionally, similar to the EU’s consolidated tape, it will be incredibly important to see ETFs included alongside equities in the UK version.

“The added transparency a consolidated tape will bring to the UK can only contribute to more robust capital markets via improved transaction cost analysis. This will help to document best execution, enhance market surveillance, and improve liquidity risk management and portfolio valuation, all of which adds to investor protection.

“However, the devil will be in the detail. It is important that the UK consolidated tape is as near real-time as possible and includes ETFs alongside equities in one tape, similar to the EU consolidated tape. It is also important that it includes venue attribution, unlike the EU consolidated tape.”

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by