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Today, fourteen European exchange groups, present in twenty-six Member States of the EU, 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 - cornerstones of financial markets across Europe with decades of experience in operating critical market infrastructure - 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...
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