Consolidated tape
Boosting attractiveness
of EU financial markets by facilitating investors’ access to market data.
Services will include:
EuroCTP: A robust and compliant real-time pre- and post-trade consolidated tape.
EuroCTP delivers a robust and compliant real-time pre- and post-trade consolidated tape enabling investors to have a one stop shop that is transparent and a low-cost view of reference on all shares as well as ETP trading in the EU. Our products are co-designed with the community servicing not only professional market participants, but also retail investors and academics.
Subject to regulatory decision, EuroCTP will be granted the single license to operate the consolidated tape for EU shares and ETP asset classes.
EuroCTP provides a comprehensive, standardised and consistent source of reference for market data on EU shares and ETPs. It aggregates, in real time, data from all 300 trading and trade reporting venues yielding a high standard of transparency. It gives users the exhaustive view on all trades executed in Europe and generates the consolidated best buy and sell limits available.
The consolidated tape is highly regulated and built to last. For this reason high technical standards are enshrined in EuroCTP’s culture, and this extends beyond its core operations.EuroCTP provides a comprehensive, standardised and consistent source of reference for market data on EU shares and ETPs. It aggregates, in real time, data from all 300 trading and trade reporting venues yielding a high standard of transparency. It gives users the exhaustive view on all trades executed in Europe and generates the consolidated best buy and sell limits available.
The consolidated tape is highly regulated and built to last. For this reason high technical standards are enshrined in EuroCTP’s culture, and this extends beyond its core operations.EuroCTP provides a comprehensive, standardised and consistent source of reference for market data on EU shares and ETPs. It aggregates, in real time, data from all 300 trading and trade reporting venues yielding a high standard of transparency. It gives users the exhaustive view on all trades executed in Europe and generates the consolidated best buy and sell limits available.
The consolidated tape is highly regulated and built to last. For this reason high technical standards are enshrined in EuroCTP’s culture, and this extends beyond its core operations.
Regulatory landscape in which EuroCTP operates
Regulatory context
The European Parliament has endorsed revisions to the Mifir and Mifid II regulations after a five-year review. Key changes include the establishment of EU-wide consolidated tapes. ESMA is now tasked with defining the technical standards for these tapes with preparations expected throughout the year.
UK and EU proposition
Despite the post Brexit landscape, both the UK and Europe are headed in the same direction, aligning on the establishment of consolidated tapes. The UK's FCA has set out a proposal for its fixed income tape framework, and the European Commission, echoing the UK's sentiments, sees fixed income as a priority for a consolidated tape.
How EuroCTP is leading the way in providing a consolidated tape solution for the European retail investors
Increasing retail investment is one of the key challenges facing the EU, as it can help boost the EU’s attractiveness and support the challenges faced by European economies.
Supporting European citizens in the current economic situation, the consolidated tape will be provided to retail investors at no cost, which will support the participation of retail investors in the financing of the European economy.
Providing individual investors with simple, comprehensive access to market data will ensure that they get the best prices and will allow them to check execution quality once they have traded.