Brexit – EU Proposes Single Stock Report to Compete With London – Reuters

The European Union will propose a single report on stock market transactions as part of efforts to build a “truly integrated” capital market after Brexit, an EU document showed on Thursday.

The European Commission is working on the next phase in creating a capital markets union (CMU) to help companies raise more funds by issuing stocks and bonds as the economy recovers from COVID-19.

A “consolidated tape” that knits together upwards of 20 trading platforms across Europe is a longstanding ambition to replicate the efficiencies of the U.S. stock market.

It would give investors a snapshot of prices at which each stock is traded. Some stocks are traded on multiple platforms, making it harder to see if investors are getting the best deal.

https://uk.reuters.com/article/uk-eu-markets/eu-to-propose-single-stock-report-to-compete-with-london-document-shows-idUKKBN23W198?il=0

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