Bringing you live news and features since 2006 

EuroCTP launched to support provision of consolidated tape in Europe

RELATED TOPICS​

On 23 August 2023, EuroCTP B.V. was established as a company, aiming to tender as the European Union consolidated tape provider for equities and ETFs. 

EuroCTP will have its own Board of Directors and all participating exchanges are represented in the supervisory board of the new company.

The shareholders of the new company write that they have a clear commitment to implement this significant European capital markets project and are dedicated to the long-term success and prosperity of retail investors and market participants. 

“As operators of regulated markets, EuroCTP´s shareholders are the cornerstone of the European capital market, committed not only to maintaining, but to further strengthening its ecosystem.”

Jorge Yzaguirre Scharfhausen, the newly elected chair of EuroCTP’s supervisory board said: “The initiative that has led to the creation of EuroCTP is a true representation of European capital markets and shows a broader range of interests than any other consolidated tape proposal, its aim is to strengthen the EU Capital Market Union. We are confident that we will be able to present the CEO of EuroCTP soon.

“We are proud to be the first European consolidated tape initiative for equities and ETFs to have established a company. We are now working on the best solution for the provision of a consolidated tape in the European Union.”

The organisation writes that it aims to foster transparency and access to market data for all investors by providing a fully consolidated view of the European equity market. Among its goals are:

Create a CT offering a comprehensive, standardised and consistent picture of the entire EU trading landscape for the benefit of all market participants,

Make available a well-governed, robust, and resilient CT in a cost-effective way, and in compliance with applicable laws and regulations.

This announcement builds on the Joint Venture announced on the 16th of February this year by 14 European exchanges in response to the European Commission’s proposal for an equities tape to contribute to the development of the Capital Markets Union. More recently, in June, a decision from the European institutions provided clarity on the legislative framework for a consolidated tape that aims to benefit all market participants.

The shareholders have been working on the initial initiative for more than a year and have already made significant investments and write that they are committed to full financing for the development and implementation of the consolidated tape. The organisation writes that they are recognised specialists in supplying reliable and high-quality market data, combining decades of experience and expertise in operating critical market infrastructure. “The company will act with full autonomy to participate in the future selection process for the provision of a consolidated tape for equities and ETFs in the European Union.”

Latest News

BlackRock’s global ETP flows report for June finds a steady rise with USD128.1 billion added to global ETPs in June,..
Morningstar’s global ETF flows report for the first half of 2024 shows that actively managed ETFs have captured 25 per..
The surge in bitcoin ETF launches and funds flowing into the sector is transforming institutional investment in digital assets but..
LSEG Lipper’s latest research finds that the majority of actively managed funds and ETFs globally were not able to beat..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by