The European Securities and Markets Authority (ESMA) has launched the first selection procedure for EU’s consolidated tape provider (CTP). The current selection is for a CTP for bonds; the one for equities will commence in June 2025. Interested entities are to submit their requests to participate by 7 February.
The aim of the consolidated tape is “to enhance market transparency and efficiency by consolidating trade data from various trading venues into a single and continuous electronic stream”, writes ESMA in a press release.
Entities may view the contract notice, procurement documents, and responses to their questions on the EU funding and tenders portal. ESMA will review the received requests based on the exclusion criteria. Only entities with successful requests will be asked to submit applications. The selected applicant will be announced by early July 2025 and will be expected to operate the CTP for five years.
