European Fixed Income Trading Quorum
Moderator: David Bullen, Director and founder, Lorgwood Limited.
Time: 07:30 - 09:30
Venue: One Moorgate Place, London
Meeting insights
Participants examined the implementation of UK and EU transparency reforms and the evolving role of consolidated tape infrastructure within fixed income markets. Theyt observed that both jurisdictions have significantly increased the volume of real-time post-trade data entering the market. However, the discussion highlighted a clear distinction between data availability and data usability.
A recurring theme throughout the session was that market structure complexity may actually increase before it improves. Participants highlighted multiple operational and interpretative challenges including deferred trade reconstruction, duplicate reporting and fragmented reporting frameworks.
The discussion reinforced that more data does not automatically produce better market transparency and that workflow enrichment, aggregation and analytics capability are becoming critical components of future market infrastructure.