EPAM Systems, a global leader in engineering, has successfully delivered cloud infrastructure for EuroCTP, enhancing Europe’s financial data landscape.

EPAM Systems, a leader in integrated engineering, played a pivotal role in launching EuroCTP, Europe's first unified equity market data platform, enhancing transparency.

dxFeed will roll out EuroCTP, Europe's first consolidated tape for shares and ETFs, set to enhance market data access for clients, simplifying data integration and management.

EuroCTP’s real-time multicast FIX SBE feed, the EU’s first real-time pre- and post-trade Consolidated Tape for shares and ETFs, will be available through the Exegy Ticker Plant (XTP) appliances and Axiom consolidated market data feed when EuroCTP goes live on September 14th. Building on its strategic technology partnership with EuroCTP that was initiated in 2024, Exegy now serves as a redistribution partner for the real-time EuroCTP feed that includes the European Best Bid and Offer (EBBO) computed by Exegy’s market data technology platform. The same underlying technology powers Exegy’s Ticker Plant and appliance and Axiom market data-as-a-service solutions, which provide access to real-time market data from more than 300 venues worldwide. Exegy’s platform delivers a unified way to consume normalized data in multiple trading environments, allowing clients to gain transparency and price discovery for global multi-asset strategies. The addition of the EuroCTP real-time market data feed, including the EBBO, adds consolidated trading activity from roughly 130 European trading venues and reporting platforms. Arnaud Derasse, CTO of Exegy, said: “Our mission is to help capital markets participants navigate the financial landscape with more efficiency and transparency. From enabling the technology layer of the EBBO with our FPGA-accelerated Ticker Plant, to giving immediate access to new data feeds to clients, we are continually focusing on what the market needs. Axiom enables firms to take full advantage of their trading strategies without requiring an internal rebuild to access the EuroCTP tape, helping reduce onboarding time, costs, and operational complexity.” The EuroCTP real-time multicast FIX SBE feed will be available on Axiom as soon as the tape goes live in September. Through Axiom, firms will be able to access the European consolidated tape with no additional operational overhead. This helps firm future proof their market access and gain streamlined access to accurate, timely European market data.

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has authorised EuroCTP B.V. (EuroCTP) to operate as the Consolidated Tape Provider (CTP) for shares and exchange-traded funds (ETFs). Natasha Cazenave, ESMA’s Executive Director, said:  “This authorisation marks a key step in the implementation of the consolidated tape framework, strengthening the transparency and efficiency of EU equity capital markets.  By bringing pre-trade and post-trade data from multiple data contributors into a single stream, the CTP for shares and ETFs will give market participants a comprehensive view of trading activity.  It will thus support better price discovery and facilitate more informed investment decisions for EU and international investors, contributing to the objectives of the Savings and Investments Union.” Retail investors, academics, civil society organisations and regulators will be able to benefit from the data free of charge. Other users will have access to the data for a reasonable fee and will be able to use it for internal purposes and with clients. ESMA has granted EuroCTP a transition period until 30 September 2026, to allow for the finalisation of operational and technical arrangements required for the start of the service. After the transition period, EuroCTP will be responsible for operating the consolidated tape for shares and ETFs for a period of five years under ESMA’s direct supervision, in line with the MiFIR framework. The five-year period will begin on the date EuroCTP starts its operations. ESMA encourages data contributors and other market participants to maintain a high level of engagement with EuroCTP to ensure a smooth and timely launch of the consolidated tape activities. Related Documents Date Reference Title Download Select 27/07/2026 ESMA71-545613100-2975 ESMA authorises EuroCTP as the Consolidated Tape Provider for shares and exchange-traded funds - Press release

EuroCTP, the European initiative delivering the EU’s first real-time pre- and post-trade Consolidated Tape for shares and ETFs, has selected Exegy, the global leader in high-performance market data and trading technology, as its core technology partner. Under this collaboration, Exegy’s ticker plant technology will power the data normalization and consolidation engine of the platform, contributing to a robust and resilient consolidated tape.   Following its official selection by the European Securities and Markets Authority (ESMA) in late 2025, EuroCTP is building a unified, real-time view of trading activity across more than 130 European trading venues and reporting platforms. The service, designed by EuroCTP, is targeted for a July 2026 launch and will provide the official European best bid and offer (EBBO) as well as comprehensive access to European trade data, ultimately enhancing transparency and price discovery for all market participants.  Exegy’s solution will act as the market data engine for EuroCTP’s downstream applications, integrating with its website, data lake, and real-time data distribution infrastructure. The high-capacity, FPGA-accelerated Ticker Plant is designed to consume pre-trade and post-trade data from trading venues and APAs, then compute the EBBO, ensuring the highest level of accuracy and speed for market participants.  “Exegy is honoured to provide the state-of-the-art foundation for this transformative project,” said David Taylor, CEO of Exegy. “Building an Equities consolidated tape across the fragmented European landscape requires proven experience in mission-critical roles and technology that provides the necessary level of capacity and reliable performance. By delivering purpose-built FPGA appliances and providing a comprehensive 24/7, ‘Follow the Sun’ managed service model, we are helping EuroCTP create a robust, efficient, and future-proof platform that supports the next generation of growth in European capital markets.”  “Selecting Exegy as a strategic technology partner was a critical milestone in our mission to foster transparency and equal access to market data,” said Eglantine Desautel, CEO of EuroCTP. “EuroCTP is committed to delivering a consolidated tape that serves retail and institutional investors alike. Exegy’s proven track record, building on its history of powering the Canadian Equities Consolidated Tape and supporting a large number of industry participants with high industry standards and operational resilience, is crucial to delivering on our promise of a more integrated EU Single Market.”   Building on a collaboration initiated in 2024, including the successful development of a prototype consolidated data feed featuring the novel EBBO computation, EuroCTP and Exegy are working closely together as European trading and trade publication venues are onboarded ahead of the go-live later this year. 

Will be used to provide a reliable feed of trading activity across EU venues

EuroCTP, a European initiative set up to develop and deliver the EU’s first real-time pre- and post-trade Consolidated Tape (CT) for financial equity trades, has selected Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company®, to provide one clear, reliable feed of trading activity across all EU venues. The move is set to improve transparency across the EU financial landscape, paving the way for lower transaction costs, improved price discovery, and greater investor confidence in the fairness and efficiency of the region’s markets.  Having been appointed by the European Securities and Markets Authority (ESMA)—the EU’s financial markets regulator and supervisor—the tape will have its digital foundation in Equinix’s FR2 data center in Frankfurt, Germany. The facility was selected for its connectivity to key European markets along with Equinix’s proven reliability, rich connectivity ecosystem and sustainability credentials.   “Equinix FR2 provides EuroCTP with the ideal foundation to drive growth, ensuring we can reliably meet the evolving needs of our platform and customers. The site is already directly connected to major EU financial venues and data consumers; this established connectivity makes it an ideal location for low-latency access and seamless cost-efficient integration with the core financial ecosystem. Partnering with Equinix’s world-class facility in Frankfurt contributes to the delivery of resilient, sustainable, compliant, and scalable services that meet the highest standards and the needs of the industry,” said Eglantine Desautel, CEO of EuroCTP.   EuroCTP’s system is built to capture real-time pre- and post-trade data from all trading and reporting venues across the EU, bringing everything together in one place. Improving ease of access, users can gain a complete and immediate view of all shares and exchange traded funds (ETFs) trades executed in the EU, including the consolidated best buy and sell orders available at any point in time. EuroCTP will work closely with ESMA on authorisation processes, targeting a go-live of Q3 2026.   EuroCTP’s collaboration with Equinix ensures compliance with key regulatory standards set out in Markets in Financial Instruments Regulation (MiFIR) and Digital Operational Resilience Act (DORA)—in 2025, Equinix secured designation by Europe as one of only 19 firms deemed “critical” suppliers under the DORA legislation.  EuroCTP is also deeply committed to responsible environmental practices, seeking a facility with strong energy-efficiency performance and a projected Power Usage Effectiveness (PUE) within target range, aligned with the European Code of Conduct on Data Center Energy Efficiency.    “Equinix welcomes EuroCTP and this new European market infrastructure into its FR2 financial services community. The reliability, security and efficiency of digital infrastructure are crucial for financial players and their trust in our data center ecosystem is important to us. We use advanced security capabilities, techniques and procedures to safeguard our sites, and our five nines (99.999%) reliability is a benchmark of excellence. Achieving this involves significant financial, operational and time investments, and is something the company is committed to,” explained Eleni Coldrey, Financial Services Director for EMEA at Equinix.  

EuroCTP, a Dutch provider of a real-time consolidated tape for European shares and ETFs, has been selected by the European

The European Securities and Markets Authority has selected EuroCTP as the European Union’s first consolidated tape provider for shares and exchange-traded

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has selected EuroCTP as the first Consolidated Tape Provider (CTP) for shares and exchange-traded funds (ETFs) in the EU, in a step forward for the transparency of equity markets in the EU. Natasha Cazenave, ESMA’s Executive Director, said:  “Today’s announcement is a major milestone for the attractiveness of equity markets in the EU, as the CTP will provide a consolidated view of market activity in shares and ETFs for retail and institutional investors across Europe.  As a long-standing supporter of European consolidated tapes, and after the selection of the CTP for bonds, ESMA is confident that this new step will contribute to advancing the Savings and Investment Union (SIU), benefitting all market participants.” ESMA has decided to select EuroCTP following an in-depth assessment of its offer against the criteria listed in the Markets in Financial Instruments Regulation (MiFIR). EuroCTP has met all the selection criteria and has demonstrated a solid approach towards ESMA’s overall expectations for the award criteria.  EuroCTP is a joint venture based in the Netherlands, with 15 European exchange groups as current shareholders. Next steps:  ESMA is now inviting EuroCTP to apply for authorisation without delay. Following the authorisation, EuroCTP would operate the CTP for shares and ETFs for a period of five years under ESMA’s direct supervision in line with the MiFIR provisions currently in force. Related Documents Date Reference Title Download Select 19/12/2025 ESMA74-276584410-11220 ESMA selects EuroCTP to become the first Consolidated Tape Provider for shares and ETFs - Press release

BMLL Selected by EuroCTP to Supply Data Quality Calibration for European Consolidated Tape Initiative London, 11 November 2025 – BMLL, one of the world’s…

BMLL, one of the world’s leading independent providers of historical data and analytics, has been selected to support EuroCTP as part of the EU’s Consolidated Tape initiative. One of the keys behind the future success of the consolidated tape for equities is the quality of the data itself. Thanks to this collaboration, EuroCTP will be in a position to validate its data quality control designs, and calibrate the thresholds and parameters for those controls ahead of go live, should EuroCTP be selected.  BMLL’s experienced data scientists, in combination with the breadth of its data sets and flexible analytics tools, offer EuroCTP a solid base with which it will be able to breach the historical data gap inherent to a new data product launch at onset. In addition to providing access to its data sets covering more than 100 trading venues, BMLL will share its expertise to support EuroCTP in delivering a fully mature product by mid-2026. Paul Humphrey, Chief Executive Officer of BMLL, said: "By offering our historical data and analytics to EuroCTP, BMLL is pleased to contribute to the implementation of the EU consolidated tape for equities and ETFs giving investors clearer, faster, and more reliable insights than ever before." Alicia Suminski, Principal Product Manager of EuroCTP, added: “As of day one, EuroCTP has strived to develop the highest level of quality in the consolidated tape data for the European Union. By working with such an experienced provider of historical data and analytics, EuroCTP will be  making it easier for everyone, from the institutions to everyday investors to access and trust the information they need.”

DataBP, a leading provider of licensing and commercial management solutions for financial market data, has been selected to support EuroCTP in the administration of its licensing process as part of the EU’s Consolidated Tape initiative. This collaboration marks a key milestone for DataBP and will help facilitate EuroCTP’s work to provide a simple, user-friendly and efficient framework for accessing consolidated pre- and post-trade data across European markets. Mark Schaedel, CEO of DataBP, said: "We are proud to support EuroCTP in this critical infrastructure initiative in Europe. Consolidated tapes set a new standard for market data administration. We are thrilled by the opportunity to support EuroCTP in the delivery of a streamlined and scalable administration function to support the success of the European Consolidated Tape.” Eglantine Desautel, CEO of EuroCTP, added: “DataBP has a proven track record in facilitating market data administrative processes. Their experience and wide adoption makes them the preferred choice to assist EuroCTP in providing easy-to-use market data access solutions.” The partnership will focus on digitising onboarding and licensing workflows, ensuring accurate entitlement tracking, and providing data users with clear, efficient access to the shares and ETFs Consolidated Tape.