The European Securities and Markets Authority has published a feedback statement providing an overview of responses received from stakeholders to its public consultation on the future selection of consolidated tape providers. ESMA provides a detailed summary of the feedback collected for each of the selection criteria: (i) governance and organization requirements; (ii) costs, fees, and revenue redistribution; (iii) the ability to process data and dissemination speed; (iv) data quality, modern interface, and record-keeping; and (v) resilience, cyber-risk, and energy consumption.
The final technical specifications will be made publicly available, together with general tendering specifications on the approach and standardized forms, at the launch of each selection procedure. ESMA will launch the selection procedures for the bonds CTP on January 3, 2025, and for the equity CTP in June 2025.
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