EuroCTP welcomes the publication of ESMA's draft Technical Standards for Consolidated Tape Providers (CTPs). We believe they are a significant step towards a European tape for equities, enhancing transparency and efficiency within the European Union's financial markets. We strongly support the release of the Technical Standards on Monday, and firmly believe they will benefit the development of the tape. This is an important milestone and we look forward to the coming work on interpretation and implementation.
As a truly European company we proudly support Europe’s vision and ambition to strengthen the single market by reducing fragmentation and enhancing retail participation in European equities, and are fully committed to this development. A fit-for-purpose consolidated tape will be key in this effort. We will continue to co-design the best CT offering for the Union with all market participants and regulators, all while working in lockstep with ESMA’s ambitious timeline.