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Debate rages over Europe’s ‘golden source’ of trading data

Divisions are rife as the EU finally looks to introduce a bloc-wide trading feed

Exchanges say a pre-trade tape will create opportunities for arbitrage, but backers say arbitrage is worse under the status quo
Exchanges say a pre-trade tape will create opportunities for arbitrage, but backers say arbitrage is worse under the status quo Photo: Getty Images

A debate is raging over the future of a European trading database.

Everyone agrees that a 'golden source' of trade data would help improve EU equity markets. But exchanges and financial institutions are arguing over what data should become golden.

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