1. The European Consolidated Feed
Graham Green

2. The European Consolidated Feed Service
The European Consolidated Trade Tape
Provides a full tick tape of all trades across most liquid MiFID Zone instruments
15 Minutes Delayed
MiFID 100 Index
Performance Benchmark of 100 Most Liquid European Equities
The European BBO Reference Price
Provides a Consolidated European EBBO reference price
Not to be used by low latency or algorithmic trade apps

3. XT – The European Consolidated Tape
Consolidated European Trade Tape of trades reported in MiFID Zone
On-book, Off Book, Pure OTC and SI Trade Reports
Trade reports consolidate on one RIC per ISIN regardless of currency
Intuitive RIC Syntax = <Primary RIC Root> + <.xt> e.g. <VOD.xt>
Streaming Delayed Tick By Tick Trade Data – 15 Min Delay
Universe – Full List of ESMA ISINs covered by Q2 2012
MiFID 100 Index – calculated from internal Real-time RICs

4. XBO – European BBO Reference Price
Real Time European Consolidated Best Bid & Offer
Executable Trade & Quote Data Only
Venues include Regulated Markets and MTFs
EBBO per ISIN per currency if multiple currency orderbook trading exists
RIC Syntax = <Primary RIC Root> + <Currency qualifier> + <.xbo>
e.g. RDSaEUR.xbo,RDSaGBP.xbo
Universe – approximately 1500 most liquid ISINs

5. Permissioning .xbo Controlled by 9 Country Segments
Service is free of charge but is subject to underlying source end user fees
Permissioning is built on the underlying source permissions
A user has to be permissioned for all underlying source feeds in a segment to access the data in that particular segment:
.xt
Is not subject to segmented permissioning because the data is delayed
Access to all RICs and all Trades