The European Securities and Markets Authority (ESMA) has revealed the potential data contributors for the equity consolidated tape provider (CTP).
More than 40 data contributors have made the list, including: Aquis Exchange, Bloomberg, Cboe, Euronext, LSEG, Nasdaq and Tradeweb.
ESMA has also said that among those on the list are trading venues that are mandated to contribute data, firms that can elect to transmit data to the equity CTP as well as those that decide to voluntarily participate in the mandatory data contribution regime.
The regulatory body has highlighted that once the CTP is established, not all trading venues will be required to contribute data, largely referring to smaller trading venues that are not part of a large group or do not have a significant number of instruments first listed on their platforms.
“The list is a relevant step to the success implementation of the future CTP for equities because it identifies the trading venues that are mandated to contribute data to the CTP,” said an ESMA spokesperson.
“Moreover, it includes the trading venues that may opt into the regime. We hope that most, if not all trading venues will make use of this option to allow the CTP to provide a comprehensive view of all trading activity in equities in the EU, thereby contributing to the further strengthening of our markets.”
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According to the Markets in Financial Instruments Regulation, Mifir, venues choosing to opt-in to the regime will be required to contribute data to the CTP within 30 days of notifying ESMA.
The recommendations underlined the importance of correct handling of pre-trade data and the provision of accurate data quality from venues.
The selection process for the equity CTP began on 12 June 2025, with applications open until 25 July, and ESMA has said that a decision is expected to be made by the end of the year.