The European Securities and Markets Authority has selected Ediphy fairCT as the first Consolidated Tape Provider for bonds in the European Union, creating a pathway for a consolidated view of EU bond market activity for market participants. The selection follows a six-month assessment of applications against the criteria set out in the Markets in Financial Instruments Regulation. ESMA chose Ediphy fairCT after it met all selection criteria and achieved the highest overall score on the award criteria. ESMA will now invite Ediphy fairCT to apply for authorisation without delay. Once authorised, Ediphy fairCT would operate the bond consolidated tape for five years under ESMA’s direct supervision.