Etrading Device confirms purpose to bid for OTC derivatives consolidated tape

Etrading Device has introduced its purpose to bid for the EU’s over the counter (OTC) derivatives consolidated tape (CT), in the course of the release of non-profit organisation, Clear Markets Europe (TME).  

The transfer follows the release of the Ecu Securities and Markets Authority’s (ESMA) preliminary variety process for the consolidated tape supplier (CTP) on 5 January 2026, permitting corporations to post smooth requests through 11 February.  

In particular, the established order of TME is anticipated to behave as a impartial, public-interest marketplace software, which targets to ship the tape on an open-access, cost-recovery foundation, if decided on to be the CTP.  

Matthijs Geneste, leader executive-designate of TME, stated: “The revised Mifir framework gifts a once-in-a-generation alternative to develop into OTC derivatives transparency in Europe. […] We look ahead to operating with companions around the marketplace as we get ready for the ESMA smooth.” 

Throughout the release, TME has additionally defined its core targets for the supply of an OTC derivatives CT, together with: a unmarried, authoritative consolidated document of EU OTC derivatives post-trade information, commonplace information requirements and enhanced information qc, resilient and scalable infrastructure and affordable, clear pricing.  

Additionally, the organisation is not going to have any shareholders or fairness, and might be headquartered in Amsterdam, with Etrading Device offering underlying generation and operational infrastructure for tape supply.  

The release of ESMA’s OTC derivatives CT procedure for the EU targets to handle marketplace fragmentation throughout more than a few venues and APAs in Europe, and reinforce post-trade transparency for marketplace contributors.  

A choice at the EU OTC derivatives CTP is anticipated in early July 2026.  

In September 2025, Etrading Device used to be named the United Kingdom bond CTP through the United Kingdom’s Monetary Habits Authority, beating out 3 different bidders for the contract.  

The company plans to release the tape on 22 June 2026.