ESMA selects EuroCTP as consolidated tape provider
22 December 2025 Netherlands
Image: Damir/adobe.stock.com
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has selected EuroCTP as the first Consolidated Tape Provider (CTP) for shares and exchange traded funds (ETFs) in the EU, in a step towards greater equity markets transparency in the EU.
The regulator chose EuroCTP following an in-depth assessment of its offer against the criteria listed in the Markets in Financial Instruments Regulation (MiFIR).
According to ESMA, EuroCTP met all the selection criteria and demonstrated a solid approach towards ESMA’s overall expectations for the award criteria.
EuroCTP is a joint venture based in the Netherlands, with 15 European exchange groups as current shareholders.
Natasha Cazenave, ESMA’s executive director, says: “Today’s announcement is a major milestone for the attractiveness of equity markets in the EU, as the CTP will provide a consolidated view of market activity in shares and ETFs for retail and institutional investors across Europe.
“As a long-standing supporter of European consolidated tapes, and after the selection of the CTP for bonds, ESMA is confident that this new step will contribute to advancing the Savings and Investment Union (SIU), benefitting all market participants”.
ESMA has invited EuroCTP to apply for authorisation.
Following the authorisation, EuroCTP would operate the CTP for shares and ETFs for a period of five years under ESMA’s supervision in line with the MiFIR provisions currently in effect.
The regulator chose EuroCTP following an in-depth assessment of its offer against the criteria listed in the Markets in Financial Instruments Regulation (MiFIR).
According to ESMA, EuroCTP met all the selection criteria and demonstrated a solid approach towards ESMA’s overall expectations for the award criteria.
EuroCTP is a joint venture based in the Netherlands, with 15 European exchange groups as current shareholders.
Natasha Cazenave, ESMA’s executive director, says: “Today’s announcement is a major milestone for the attractiveness of equity markets in the EU, as the CTP will provide a consolidated view of market activity in shares and ETFs for retail and institutional investors across Europe.
“As a long-standing supporter of European consolidated tapes, and after the selection of the CTP for bonds, ESMA is confident that this new step will contribute to advancing the Savings and Investment Union (SIU), benefitting all market participants”.
ESMA has invited EuroCTP to apply for authorisation.
Following the authorisation, EuroCTP would operate the CTP for shares and ETFs for a period of five years under ESMA’s supervision in line with the MiFIR provisions currently in effect.
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