The European Securities and Markets Authority (ESMA) has confirmed EuroCTP as the first European shares and ETFs consolidated tape provider (CTP).
EuroCTP has been invited to apply for authorisation, after which it will operate the CTP for five years under ESMA’s direct supervision. The firm intends to launch in July 2026, subject to authorisation timelines.
CEO Eglantine Desautel stated, “I am honoured that EuroCTP was selected. We successfully delivered this vision from concept to operational readiness in under two years. We now look forward to delivering on the promise of our platform.”
No other organisations made public bids for the tape contract.
READ MORE: One-horse European equity CTP race “flawed”, industry expert says
EuroCTP will share technical specifications, guidance and resources before the go-live, it added. Earlier this year, it appointed BMLL to provide data sets and calibration tools.
READ MORE: BMLL will provide harmonised historical data to EuroCTP
Currently, EMSA has mandated 109 data contributors to the tape. A further 74 have been given the opportunity to opt in.
READ MORE: Increased visibility to encourage voluntary CTP data contribution
Natasha Cazenave, ESMA executive director, commented, “[This] is a major milestone for the attractiveness of equity markets in the EU. ESMA is confident that this new step will contribute to advancing the Savings and Investment Union (SIU), benefitting all market participants.”
