The European Securities and Markets Authority has selected Etrading Software (Netherlands) B.V. as the Consolidated Tape Provider for over-the-counter derivatives. The decision advances the rollout of consolidated tapes in the European Union and is aimed at improving transparency in OTC derivatives markets under the Markets in Financial Instruments Regulation. ESMA said the selection followed a comprehensive assessment of the firm's application against the criteria set out in MiFIR. The applicant was found to meet ESMA's expectations on data quality, operational resilience and the dissemination of consolidated market data. ESMA will now invite Etrading Software (Netherlands) B.V. to apply for authorisation. Once authorised, the firm will operate the OTC derivatives consolidated tape for five years under ESMA's direct supervision.
European Securities and Markets Authority2026-07-06
European Securities and Markets Authority selects Etrading Software Netherlands as OTC derivatives consolidated tape provider
The European Securities and Markets Authority has selected Etrading Software (Netherlands) B.V. to become the Consolidated Tape Provider for OTC derivatives under MiFIR. ESMA said the firm met its criteria on data quality, resilience and market data dissemination. Once authorised, it will operate the tape for five years under ESMA's direct supervision.