EuroCTP has been appointed by the European Securities and Markets Authority (ESMA) as the first Consolidated Tape Provider (CTP) for shares and exchange-traded funds (ETFs) in the European Union. The consolidated tape is designed to offer a unified, standardized stream of market data on trading in shares and ETFs from various trading venues across the EU. This initiative aims to help investors make more informed decisions, enhance price and liquidity comparisons, and support the development of the Savings and Investments Union.
EuroCTP was established on August 23, 2023, in the Netherlands as a joint venture among several European exchanges and exchange groups. These organizations represent operators of major regulated markets throughout Europe. The Bulgarian Stock Exchange (BSE) is one of EuroCTP’s shareholders. Additionally, BSE plays a direct role in EuroCTP’s governance by representing smaller European markets on its Supervisory Board. This arrangement is intended to ensure that the interests of smaller and developing capital markets are considered during the creation and management of the consolidated tape.
“I am honoured that EuroCTP was selected,” said Eglantine Desautel, CEO of EuroCTP. “This latest milestone is a significant step forward in the development of Europe’s Savings and Investments Union, and the ambition of fostering transparency and access to market data for all stakeholders. I am thankful to my team, who shaped our culture and have worked around the clock to advance our mission. Together, we successfully delivered this vision from concept to operational readiness in under two years. We now look forward to delivering on the promise of our platform.”
“ESMA’s selection of EuroCTP is recognition of the shared vision of European exchanges for a more transparent and more accessible capital market. For BSE, this participation is strategic—it enables Bulgaria to be part of a key European market data infrastructure, and our representation on the Supervisory Board ensures that the interests of smaller markets are taken into account in decision-making,” commented Assoc. Prof. Dr Manyu Moravenov, CEO of BSE.
