Asset managers could get more market transparency as European Union regulators speed up plans to create an electronic system that collates data from trading venues and data aggregators – a “consolidated tape” (CT).

However, a report from Bloomberg Intelligence (BI) indicates that, despite this transparency, data bills for asset managers, brokers and market makers are unlikely to go down and exchanges could see data revenue drop.

Bowing to industry pressure, regulators will likely widen their preliminary proposal beyond just equities to cover bonds, ETFs and certain derivatives.

But while Brexit-induced l...