EuroCTP named EU consolidated tape supplier for stocks and ETFs via ESMA

EuroCTP has been decided on via the Ecu Securities and Markets Authority (ESMA) to be the EU’s first consolidated tape supplier (CTP) for stocks and exchange-traded finances (ETFs).  

The verdict comes after the three way partnership submitted its reliable bid to turn into the tape supplier on 25 July 2025, following the release of ESMA’s comfortable procedure on 20 June.  

ESMA has said that EuroCTP was once decided on following an in-depth evaluation of its comfortable be offering towards Mifir standards, all of which the company met.  

Talking to The TRADE, Eglantine Desautel, leader govt of EuroCTP, stated: “I’m grateful for the willpower of our groups, companions, advisory committee participants, and shareholders. We deeply admire the vast business improve and treasured comments that enabled us to refine our product in shut collaboration with the business and ship a slicing‑edge, long term‑in a position platform.

“Our focal point now’s on running intently with ESMA to protected authorisation inside the agreed procedure. From there, we’re concentrated on a July 2026 move‑are living, matter after all to the authorisation timeline. Total, we’re pleased with nowadays’s announcement and sit up for what comes subsequent.”

EuroCTP is now anticipated to take steps to use for authorisation, following which the crowd would perform the stocks and ETFs CTP for a five-year length, below ESMA’s supervision.  

The company was once the one showed bidder within the procedure, after information and analytics answers supplier xyt dropped out of the race in June 2025, bringing up a loss of essential monetary backing.  

The availability of a CT for stocks and ETFs is ready to deal with problems with fragmentation and transparency throughout fairness markets within the EU.  

Natasha Cazenave, ESMA’s govt director, stated: “These days’s announcement is a big milestone for the good looks of fairness markets within the EU, because the CTP will supply a consolidated view of marketplace task in stocks and ETFs for retail and institutional traders throughout Europe.  

“As a long-standing supporter of Ecu consolidated tapes, and after the collection of the CTP for bonds, ESMA is assured that this new step will give a contribution to advancing the Financial savings and Funding Union (SIU), benefitting all marketplace members.”  

EuroCTP’s bid for the equites CT has garnered vital improve around the business, and the company is subsidized via 16 shareholders, with Bratislava Inventory Change marking the newest addition in July.  

As well as, the crowd could also be supported via an advisory committee spanning 12 participants from around the business, together with corporations equivalent to BlackRock, BNP Paribas and Norges Financial institution.  

Castle’s managing director and head of presidency and regulatory coverage, EMEA, Virginie Saade was once the newest business determine to enroll in the committee in early December, with further participants anticipated to enroll in at some point.