Huw Gronow

Examine front-to-back readiness across firms, including FX liquidity, post-trade bottlenecks, affirmation workflows, and cross-border frictions emerging from partial adoption across regions.

Hidden liquidity and fragmented visibility continue to frustrate European equity traders and investors. The proposed consolidated tape offers a route to greater transparency- but its true value could be in boosting Europe’s appeal as a place to trade and raise capital. Positioned within the European Commission’s market structure reforms and the Saving & Investment Union agenda, the tape could help fine-tune strategies, improve price discovery, and attract both issuers and investors. This session examines the tool- and the strategy beyond it. How should the tape be designed to serve both regulatory oversight and commercial edge? What other policy shifts are needed to ensure Europe doesn’t just match global peers, but becomes a market of choice? And, with the landscape likely to change over the next 3–10 years, how can market participants use the tape to navigate- and benefit from- that transformation?