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Industry veterans unveil trading tape plan

A former NYSE Euronext data chief and an ex-Chi-X Europe board member have proposed a new commercial trading tape model in an open letter to industry stakeholders

Two industry veterans who plan to build a tape of European equity data have unveiled their ambitious proposals to overhaul the industry's current commercial data model.

Ex-NYSE Euronext data chief Mark Schaedel and former Chi-X Europe board member Graham Dick, founders of the Coba Project, yesterday said they hoped to create an industry-led commercial tape by mid-2013.

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