Data | EFAMA

In the modern economy, data is increasingly becoming a strategic asset. This is particularly true for the asset management industry, where data forms the backbone of the daily activities and internal processes necessary to guarantee best practices in portfolio management.

Asset managers are major users of a variety of data, including market data, index data and, increasingly, ESG data. EFAMA advocates for, and seeks to support members’ access to, high-quality, standardised and comparable data at a fair price. EFAMA also encourages the creation of a well-structured, reasonably priced consolidated tape fed by all trading venues and systematic internalisers for all financial instruments.

Related policy positions

Topic

year

Keywords

Policy Position

Capital Markets

Data

14 June 2021

Joint statement by EFAMA and EFSA on Consolidated Tape and market data costs

The appropriate construction, and conditions for the usage, of a Consolidated Tape

Policy position

EFAMA response to EU Commission CP on establishment of European Single Access Point (ESAP)

Capital Markets Union

Data

Sustainable Finance

12 March 2021

EFAMA response to Commission consultation on establishment of European Single Access Point (ESAP)

EFAMA supports the European Commission's initiative to establish the European Single Access Point. We see it as a unique opportunity for the Capital Markets Union to centralise all publicly available ESG and financial transparency information data in one place.

Policy position

Data

International agenda

01 March 2021

EFAMA responds to IOSCO Consultation on Market Data in Secondary Equity Market

EFAMA supports the initiatives launched by IOSCO and other regulators (e.g. ESMA, FCA, SEC) to analyse and address the significant issues concerning market data in the secondary equity market.

The European Single Access Point: a powerful tool for investors to assess the ESG performance of companies

EFAMA sees the European Commission’s proposal for the creation of a European Single Access Point (ESAP) as a crucial step in addressing the limited availability and scattered nature of financial and sustainability-related entity information at EU level.

Press Release

Capital Markets

EMIR

MIFID

Capital Markets Union

Data

07 October 2021

Statement on the release of the Oliver Wyman study ‘Caught on Tape’

“Oliver Wyman’s study ‘Caught on Tape’ provides a perplexing take on Consolidated Tape for Europe. Sure enough, it starts with accurate observations: the high number of trading venues in Europe, the resultant fragmented liquidity, unseen liquidity due to the lack of a consolidated tape, and the fact that leading markets like the US and Canada today benefit from a real time consolidated tape.

Infographic

Capital Markets

MIFID

Capital Markets Union

Data

06 October 2021

Visual | Why do we need a real-time Consolidated Tape in the EU?

The current lack of quality pre- and post-trade data and the fragmentation of data sources remain an obstacle to the completion of the Capital Markets Union. The benefits of a real-time Consolidated Tape are wide-ranging: from market surveillance for supervisors, to best execution and an improved view on trading opportunities for retail investors, to portfolio management and pre- and post-trade analysis for fund managers to name a few.

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Related publications

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year

Keywords

Infographic

Capital Markets

MIFID

Capital Markets Union

Data

06 October 2021

Visual | Why do we need a real-time Consolidated Tape in the EU?

Publication

Capital Markets

Benchmarks

Data

International agenda

09 June 2021

Global Memo: Benchmark Data Costs

A key purpose of the financial system is to allocate capital and risk in a manner that supports sustainable economic development and growth, including through the provision of financing, investment and hedging products. Financial benchmarks/indices are fundamental to the functioning of financial markets and are widely used in both retail and wholesale markets. In particular, benchmarks are a valuable tool helping market participants to set prices, measure performances, or work out amounts payable under financial contracts or instruments.

Publication