LONDON (Reuters) – A pan-European Union record of stock and bond trades would cost 11 million euros (£10.02 million) to build and save investors billions, a study commissioned by the bloc said on Wednesday.

A record, known as a “consolidated tape” or CT, would collate prices and volumes of shares and bonds traded on multiple platforms to help investors make better decisions, and provide regulators with improved data to spot market abuses. …

“There is high demand for CT data and the benefits of delivering the data clearly outweigh the cost of implementing it,” the study by [Market Structure Partners] consultants said. …