List of recommendations show what is needed to ensure a successful tape.
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.
List of recommendations show what is needed to ensure a successful tape.
The competitiveness of EU asset managers is heavily reliant on the quality, stability, cost-efficiency and predictability of the rules under which they operate.
As part of our recommendations to make competitiveness a central element of all EU policies, we highlight the importance of tackling anti-competitive market practices and the ever-increasing cost of various types of data.
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.
The European Fund and Asset Management Association (EFAMA) has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data of UCITS and AIFs for February 2020*.
A report commissioned by the European Fund and Asset Management Association published on 4 October 2011 aims to give investors greater transparency and understanding of cost breakdown within the Total Expense Ratio ("TER") of European mutual funds.