Asset managers call for creation of equities and ETFs consolidated tape

Includes Invesco and Schroders

Invesco, Schroders and Baillie Gifford are among a coalition of18 European asset managers that have declared their support for the European Parliament’s proposal to create an equities and ETFs consolidated tape.

In a letter to policymakers, the group of asset managers said they believed equities and ETFs should be included on a single tape, delivering data in as close to real time as technically possible. The group added the tape should provide both pre- and post-trade transparency in the form of five layers of pre-trade data, as well as being priced on a reasonable commercial basis. HSBC AM renames four index funds ahead of ETF share class launch Highlighting the uncompetitive nature of European capital markets, the letter noted trading volumes had fallen over 25% in the last decade, ...