EuroCTP has submitted its official bid to become the EU consolidated tape provider (CTP) for shares and ETFs.
The joint venture’s proposal submission follows the launch of ESMA’s tender process on 20 June 2025. The bid also aligns with the closure of the first phase of the process on 25 July, until which participants can register and submit their requests to participate.
Currently, EuroCTP is the only confirmed bidder in the process, after big xyt dropped out in June 2025, citing a lack of necessary financial backing.
Read more – big xyt drops out of equities consolidated tape race
Speaking on the submission, Eglantine Desautel, chief executive of EuroCTP said: “EuroCTP’s submission addresses a large number of use cases and we are confident that it goes above and beyond the minimum requirements. I am proud of our team and the exceptional commitment they’ve demonstrated in preparing what we believe is the strongest possible proposal for the first EU consolidated tape for shares and ETPs.”
Since the announcement of EuroCTP as a venture in the third quarter of 2023, the firm has experience significant growth and support in its bid to become the equities CTP.
Read more – Will the European equities tape tender process end up as a one-horse race?
The firm is now backed by 16 exchanges as shareholders, with Bratislava Stock Exchange joining as the latest addition just a week prior to the bid submission.
Additionally, the group is supported by an advisory committee made up of 11 members including representatives from BlackRock, Deutsche Börse and BNP Paribas, with Stephen Dorrian, head of market data and access services, Europe, at Cboe joining as the most recent member.
EuroCTP has indicated that additional members will also join the committee in the future.
ESMA is expected to make a decision on the CTP by the end of 2025.