Buy side should create central tape, panellists say

Internalisation and analytics were the focus of discussion for an occasionally tense panel

Patrick Fleur at PGGM
Patrick Fleur: overall market data costs are currently higher than trading costs at PGGM

The largest buy-side market participants should lead the way in creating a central tape for foreign exchange markets, but practical difficulties such as information leakage and having the resources needed to achieve such an outcome are likely to limit the appetite for such a project, panellists said at the 2017 FX Week Europe conference.

Fragmentation in currency markets is a defining feature, as well as the lack of a consolidated price. Several private-sector initiatives have aimed to resolve

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: