The European Securities and Markets Authority (ESMA) has launched the selection procedure for the consolidated tape provider (CTP) for over-the-counter (OTC) derivatives.
The selection of the CTP for OTC derivatives follows that for bonds, which was confirmed in July last year, as well as for shares and exchange-traded products (ETPs), more recently confirmed in December 2025.
ESMA states that the CTP aims to give a “consolidated view of market activity” that will help market participants “make better-informed decisions, leading to more efficient price discovery and contributing to the Savings and Investment Union (SIU)”.
Interested entities should register and submit their requests to join the selection procedure by 11 February 2026.
Received requests will be assessed based on the exclusion and selection criteria. Only successful candidates will be invited to submit their applications. The chosen applicant will operate the consolidated tape (CT) for OTC derivatives for five years following authorisation with ESMA.
ESMA intends to complete the selection of the CTP for OTC derivatives in July 2026.
