ESMA Selects EuroCTP as First EU Consolidated Tape Provider for Shares and ETFs
Europe has taken a step towards in greater equity market transparency after the European Securities and Markets Authority selected EuroCTP as the first consolidated tape provider for shares and exchange-traded funds.
ESMA said the decision marks a milestone for EU capital markets, as the consolidated tape will provide a single, comprehensive view of trading activity in shares and ETFs for both retail and institutional investors across Europe.
Natasha Cazenave, ESMA’s executive director, expects the move to improve the attractiveness of EU equity markets and support the bloc’s Savings and Investment Union.
“The CTP will provide a consolidated view of market activity in shares and ETFs for retail and institutional investors across Europe,” she commented, adding that it would benefit all market participants.
The regulator selected EuroCTP following an in-depth assessment against the criteria set out in the Markets in Financial Instruments Regulation.
ESMA said EuroCTP met all requirements and demonstrated a robust approach aligned with its expectations.
EuroCTP is a Netherlands-based joint venture backed by 15 European exchange groups, reflecting broad industry support for the initiative.
The consolidated tape is intended to address long-standing concerns about fragmented market data across EU trading venues.
ESMA has now invited EuroCTP to apply for authorisation.
