Former head of market services and digital at Euronext, Eglantine Desautel, has been selected to head up the European consolidated tape efforts.
Desautel has been selected as chief executive officer of EuroCTP – the European initiative to establish a consolidated tape in Europe.
EuroCTP was incorporated as a Dutch company in August and its shareholders include 14 European exchanges and exchange groups representing 25 EU Member States. It is the result of a joint initiative announced by 14 European exchanges in February aimed at developing an application for a European consolidated tape (CT) for equities.
“We are embarking on the exciting endeavour of fostering transparency and access to market data for all stakeholders by contributing to the European Commission’s project to develop the Capital Markets Union. This next adventure is a significant milestone for me professionally and personally,” said Desautel in an update on social media.
“I have treasured the teams I’ve worked with in my career and look forward to building a new team with Timo Pentner, who joins EuroCTP B.V. as CTO. Together, we have an exciting challenge ahead and I’m confident in what we can achieve in the months and years to come.”
Desautel takes up the role after over a decade with Euronext, serving most recently as its head of market services and digital, as well as previously serving as head of its Optiq programme. She originally joined NYSE Euronext in 2011 as its deputy chief of staff to the president and deputy chief executive.
Europe announced plans to establish a real-time EU-level consolidated tape for “different kinds of assets” traded in the EU in June earlier this year after several years of deliberation.
Key information such as the price of instruments and the volume and time of transactions will be included. Data from “all trading platforms” will be included in consolidated tapes.