The European Securities and Markets Authority has opened the first selection procedure to appoint a Consolidated Tape Provider (CTP) for over-the-counter derivatives, inviting interested entities to register and submit requests to participate by 11 February 2026. The CTP is intended to consolidate post-trade data from data contributors such as trading venues into a single continuous electronic stream, giving market participants a consolidated view of OTC derivatives activity to support timely information access and price discovery. Data collection and dissemination will be based on the proposals set out in ESMA’s Final Report on transparency for derivatives, with contract notice and procurement documents available via the EU Funding & Tenders Portal. Requests will be assessed against exclusion and selection criteria before successful candidates are invited to submit an application, with questions handled through the Portal during the application period. ESMA expects to adopt a reasoned decision on the selected applicant by early July 2026, with the successful applicant appointed for five years and invited to apply for authorisation with ESMA, after which the CTP will be supervised by ESMA.
European Securities and Markets Authority 2026-01-05
European Securities and Markets Authority launches first selection procedure for an OTC derivatives consolidated tape provider
The European Securities and Markets Authority has initiated the selection process for a Consolidated Tape Provider for over-the-counter derivatives, with entities invited to register and submit participation requests by 11 February 2026. The provider will consolidate post-trade data into a single electronic stream, with ESMA expecting to appoint the successful applicant by early July 2026 for a five-year term.