EuroCTP has selected Exegy as its technology partner ahead of the launch of the EU consolidated tape for shares and ETFs, scheduled for July this year.
David Taylor
As part of the collaboration, Exegy will leverage its ticker plant technology to power the platform’s data normalisation and consolidation engine, and consume pre- and post-trade data from trading venues and APAs, to then compute the European best bid and offer (EBBO).
Specifically, Exegy’s solution will integrate with EuroCTP’s website, data lake and real-time data distribution infrastructure, to act as the market data engine for EuroCTP’s downstream applications.
Through this, the two firms aim to support the delivery of a robust and resilient pre- and post-trade consolidated tape, which provides the official EBBO and comprehensive access to European trade data.
David Taylor, chief executive of Exegy, commented: “Building an equities consolidated tape across the fragmented European landscape requires proven experience in mission-critical roles and technology that provides the necessary level of capacity and reliable performance.
“By delivering purpose-built FPGA appliances and providing a comprehensive 24/7, ‘Follow the Sun’ managed service model, we are helping EuroCTP create a robust, efficient, and future-proof platform that supports the next generation of growth in European capital markets.”
The delivery of an EU consolidated tape for shares and ETFs is expected to address issues of fragmentation and data quality across European markets, ultimately enhancing transparency and price discovery for all market participants.
Read more – EuroCTP announces pricing structure for EU equities consolidated tape
“Selecting Exegy as a strategic technology partner was a critical milestone in our mission to foster transparency and equal access to market data,” said Eglantine Desautel, CEO of EuroCTP.
“EuroCTP is committed to delivering a consolidated tape that serves retail and institutional investors alike. Exegy’s proven track record, building on its history of powering the Canadian equities consolidated tape and supporting a large number of industry participants with high industry standards and operational resilience, is crucial to delivering on our promise of a more integrated EU single market.”
EuroCTP was selected by the European Securities and Markets Authority (ESMA) to be the designated tape provider in December 2025, following the launch of the tender process in June the same year.
The upcoming tape is being developed in close consultation with industry participants and EuroCTP’s advisory committee, which includes members from BlackRock, BNP Paribas, Citadel, Norges Bank, Deutsche Börse, Bloomberg and Cboe.
Moreover, EuroCTP has confirmed that it will continue to communicate consistently with the industry and market participants following the tape’s launch, as well as provide any updates or enhancements to the tape with at least three months’ notice.