derivatives tape — derivatives tape — The European Securities and Markets Authority (ESMA) has launched a five-year mandate for a Consolidated Tape Provider focusing on over-the-counter derivatives. This initiative is set to enhance transparency and efficiency across European financial markets.
Derivatives tape: Call for Applications from Interested Entities
Entities wishing to participate in this selection process are encouraged to register and submit their requests by February 11, 2026. ESMA aims to gather a diverse pool of applicants who can contribute to this essential project.
Transforming Market Transparency
The establishment of a consolidated tape provider is expected to significantly improve market transparency and efficiency. By compiling post-trade data from various data contributors, including trading venues, the provider will create a single, continuous electronic data stream.
Benefits for Market Participants
This consolidated view of market activity will empower market participants with accurate and timely information. Such access supports better-informed decision-making and enhances price discovery, contributing to the broader goals of the Savings and Investment Union.
Following the Application Process
ESMA will rigorously assess submitted requests against applicable exclusion and selection criteria. Successful candidates will be invited to submit a full application, facilitating a thorough evaluation process.
Timeline for Selection and Authorisation
The authority anticipates making a reasoned decision on the selected applicant by early July 2026. After selection, the provider will need to apply for authorisation with ESMA, which will oversee their operations thereafter.
Further Information and Resources
For those interested in the selection procedure, ESMA has made the contract notice and procurement documents available through the EU Funding and Tenders Portal. Any inquiries during the application period will also be addressed via this platform.
