FPL Recommended Standards for the Consolidation of Trade Reports and Market Data in Europe

This document details the recommended standards for the consolidation of trade reports and market data for European equity markets. These industry-driven recommendations mark an important milestone in the development of a European Consolidated Tape. The recommendations provide guidance, explaining how trade reports could be published in a standard manner to enable data to be more easily consolidated, significantly enhancing transparency and quality of data. This was published in November 2012 and, though largely superseded by more recent Recommended Practices on European consolidated tapes, contains useful insights into the earlier days of consolidated tape planning.