ESMA selects fairCT as bonds consolidated tape provider
The group, co-ordinated by Ediphy, consists of Google Cloud, UBS, TP ICAP, Cboe Global Markets, FactSet, and Norges Bank Investment Management.
Tag: ESMA
ESMA firms up rules of engagement amid market turbulence
Among the proposed rules are incoming changes to the operation of systematic internalisers (SI), with more structured processes for informing national regulators set to be introduced.
ESMA invites successful bidders to participate in next stage of EU bond tape tender
The European Securities and Markets Authority (ESMA) has communicated its decision directly to the relevant bidders, The TRADE understands.
EU watchdogs launch new governance structure to support T+1 transition
The move is set to support the shift to T+1 through overseeing and managing the key elements of the transition, currently set for October 2027.
ESMA launches first stage of bond CTP selection process
Parties interested in becoming the bond CTP are invited to register and submit requests to participate by 7 February 2025.
ESMA names T+1 lead as 11 October 2027 earmarked for co-ordinated switch with UK
Appointment will coordinate the work of the industry, acting as the link between various market participants.
ESMA will not recommend overhaul of penalty mechanism for settlement fails under CSDR
Despite a year of consultation on tweaking the mechanism or significantly increasing penalty rates, European watchdog confirms only a ‘moderate’ increase will occur after considering industry feedback.
EU proposes October 2027 for T+1 switch
Migration aligns with the UK’s proposed switch, with ESMA pointing to the efficiency and resiliency benefits of the move.
All signs point towards Europe aligning T+1 move with UK and Switzerland
A statement from ESMA comes a day after Task Force recommendations, claiming a coordinated approach across Europe is “desirable” while stressing the urgency in avoiding prolonging the negative impacts of settlement misalignment.
ESMA to pick bond CTP by July 2025
The selection procedure for the bond consolidated tape provider (CTP) and the CTP for shares and exchange traded funds ETFs will launch in January 2025 and June 2025 respectively.