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ESMA Launches Selection Process for Consolidated Tape Provider for Shares and ETFs

ESMA Launches Selection Process for Consolidated Tape Provider for Shares and ETFs

Published:
2025-06-20 11:06:02
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The European Securities and Markets Authority (ESMA) has initiated the first selection procedure for a Consolidated Tape Provider (CTP) covering shares and exchange-traded funds. Interested entities must register and submit applications by 25 July 2025. The CTP framework seeks to consolidate pre-trade and post-trade data into a unified electronic stream, enhancing market transparency and efficiency.

This initiative aligns with the EU's Savings and Investment Union (SIU) objectives, aiming to improve price discovery and trading accuracy. Applicants must comply with the Regulated Technical Standards adopted by the European Commission on 12 June 2025, which outline data specifications and revenue redistribution mechanisms.

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