European Equity Consolidated Tape - Survey to Market Participants

This survey is part of a research project being conducted by Adamantia, an independent management consulting firm specialized in the capital markets industry, commissioned by a group of buy-side and sell- side investment firms.

The purpose of this survey is to assess the appetite from Market Participants to subscribe to the EU Equity Consolidated Tape (CT) introduced by the European Commission, that will provide users with a real-time access to all executed trades and EBBO (anonymous European Best Bid and Offer) on European Cash Equity Markets.

This online survey will take you less than 5 minutes. Your responses will be kept anonymous and confidential, and no identifying information such as name or email address will be collected.

The survey is open until May 2024. Thank you in advance for your participation!
1.Main business of your organization(Obligatoire)
2.Size of your organization(Obligatoire)
3.Size of your Equities business (number of staff: Front Office / Trading / Sales / Portfolio Managers)(Obligatoire)
4.Main locations of your entities(Obligatoire)
5.Considering a subscription fee of 100€ per user per month for the Equity CT and assuming the CT includes real-time post trade data and anonymized EBBO, how many users (subscribers) would you count in your organization?(Obligatoire)
6.What would be the targeted functions/departments within your organization?
7.How would you revise your answer to question 5) above if the Equity CT were to provide access to additional depth of book on pre-trade data (e.g. 5 layers of quote prices and volumes) on a real-time basis? Please indicate the total number of users for your firm.(Obligatoire)
8.Any comments you would like to share?
9.(Optional) Name of your organization
NB: as the survey is anonymous please make sure that your answer is centralized for your organization so as to avoid duplicates.