ESMA launches selection of the CTP for bonds
03 January 2025 France
Image: Nuthawut/stock.adobe.com
The European Securities and Markets Authority (ESMA) is launching the first selection procedure for the Consolidated Tape Provider (CTP) for bonds, and intends to adopt a decision on the selected applicant by early July 2025.
The CTP aims to enhance market transparency and efficiency by consolidating trade data from various trading venues into a single and continuous electronic stream.
ESMA says this consolidated view of market activity should help market participants to access accurate and timely information and make better-informed decisions, leading to more efficient price discovery and trading.
The next steps to the process is that the ESMA will assess the received requests against the exclusion and selection criteria and will invite the successful candidates to submit their application.
The CTP aims to enhance market transparency and efficiency by consolidating trade data from various trading venues into a single and continuous electronic stream.
ESMA says this consolidated view of market activity should help market participants to access accurate and timely information and make better-informed decisions, leading to more efficient price discovery and trading.
The next steps to the process is that the ESMA will assess the received requests against the exclusion and selection criteria and will invite the successful candidates to submit their application.
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