ESMA initiates selection process for bond market consolidated tape provider
The European Securities and Markets Authority (ESMA) has launched the first selection process for the Consolidated Tape Provider (CTP) for bonds, with interested entities required to register and submit requests by 7 February 2025. ESMA plans evaluate the requests and invite successful candidates to apply, with a decision expected by early July 2025. The selected applicant will operate the CTP for five years and must seek authorisation from ESMA, which will also supervise the CTP.