European Exchanges partner on provision of consolidated tape for equities in EU
Today, fourteen European exchange groups, present in twenty-six Member States of the EU (all EU Members States except Slovakia), announced a joint initiative to participate in the future selection process for the provision of a consolidated tape (CT) for equities in the European Union.
The project responds to the European Commission’s proposal for an equities tape to contribute to the development of the Capital Markets Union.
The participating exchanges have signed a term sheet to establish a joint venture that will evaluate and prepare an application as a CT provider in a future selection process.
The participants are recognised specialists in supplying reliable and high-quality market data and are wellpositioned to deliver a CT quickly, efficiently, and to the highest operational standards.
The project will focus on providing a tape designed to provide a comprehensive, standardised and consistent source of market data and will seek to collaborate with regulators to develop the optimal solution for investors.
Through this joint venture, the participating exchanges, as key players in the EU’s capital markets ecosystem, are reiterating their commitment to fostering the EU’s open strategic autonomy.
Joint Venture participants:
- Athens Stock Exchange;
- Bucharest Stock Exchange;
- Budapest Stock Exchange;
- Bulgarian Stock Exchange;
- Cyprus Stock Exchange;
- Deutsche Boerse Group;
- Euronext, incorporating: Borsa Italiana, Euronext Amsterdam, Euronext Brussels, Euronext Dublin, Euronext Lisbon, Euronext Paris, and Oslo Børs;
- Luxembourg Stock Exchange;
- Malta Stock Exchange;
- Nasdaq, incorporating Nasdaq Stockholm, Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Tallinn and Nasdaq Vilnius;
- SIX Group, incorporating BME Exchange;
- Warsaw Stock Exchange;
- Wiener Börse, incorporating Prague Stock Exchange and Vienna Stock Exchange;
- Zagreb Stock Exchange, including Ljubljana Stock Exchange.