Tag: ESMA
ESMA dials up bond CTP selection
ESMA has told several Bond CTP providers hopefuls that they have been invited to participate in the second step of competitive procedure with negotiation.
The...
Bond CTP race heats up
Etrading Software launches a free-to-use in 2025 Consolidated Tape prototype, intensifying competition among prospective providers.
Etrading Software (ETS), a provider of technology-led trading software solutions...
A tale of two tapes: Consolidating the consolidators
Market participants will be hit with simultaneous, major technical demands in late 2025 and early 2026 as both the EU and UK update transparency...
ESMA’s Active Account Requirements proposals rebuked by FIA and ISDA
The futures industry association (FIA) as well as the international swap dealers association (ISDA) have published their concerns about the added burden and impact...
ESMA’s CTP selection process begins
ESMA has initiated the selection process for the European bond consolidated tape provider (CTP).
Potential candidates must submit requests to participate in the first selection...
ESMA clarifies CTP exclusion criteria documents
ESMA has clarified the documents that firms bidding to be consolidated tape providers (CTP) must provide during the application process.
In the first stage of...
US vs Europe: The transatlantic divide for corporate bond traders
The DESK examines the different sizes, protocols and feedback traders can use on each side of the Atlantic to execute corporate bond orders.
While US...
Do regulators understand ‘best execution’ in corporate bond markets?
What is best execution in bond markets?
In fixed income a best execution process matches up trade metrics to the investment parameters.
“Trading is simply how...
IDX 2024: Divergence or convergence for EU and UK regulation?
Regulation is an ever-changing beast; panellists at this year’s International Derivative Expo conference provided updates on new mandates, progress being made and how implementation...
Meet the consolidated tape contenders
Europe’s development of a consolidated tape for trading data now has clear front runners and benefits.
Three firms have confirmed they will compete to be...
