Stephen Dorrian, head of market data and access services, Europe, at Cboe has joined EuroCTP’s advisory committee as the group continues with its bid to become the EU’s consolidated tape provider.
Specifically, EuroCTP is bidding for both the equities tape, as well as the shares and ETFs tape provider. Currently, it is the sole publicly confirmed bidder for the European equities consolidated tape following news that bigxyt had exited the process in June.
Read more: big xyt drops out of equities consolidated tape race
Eglantine Desautel, chief executive of EuroCTP, said: “Stephen’s expertise in financial market data, data licensing, exchange connectivity, and European market structure in general will be a true asset, and we look forward to getting input from the operator of the largest MTF and APA for European equities.”
The advisory committee is focused on integrating the perspectives of a range of industry participants in the design of tape services. Currently, the committee is made up of 11 members, including representatives from BlackRock, Deutsche Börse, Norges Bank, BNP Paribas, Bloomberg, and others.
EuroCTP also confirmed that additional members are alson expected to join in the future.
“Stephen’s appointment advances our commitment to building a tape that meets the expectations of all European markets and users. I look forward to working with Stephen and all Committee members to shape EuroCTP’s offering and governance,” added Desautel.
Cboe had previously announced a venture with Aquis back in October 2024 to make a bid for the equities tape – named SimpliCT.
At the time it was set to be a co-owned Netherlands-based company seeking to leverage the expertise of its founders to develop a “best-of-breed equity CT”.
The exchanges ultimately stepped away from the joint venture in January 2025. In an announcement at the time, Aquis highlighted “economic reasons” as their motivation behind pulling out.