Competing CTPs won’t work, warn EU firms, calling for single tape provider

As the industry awaits upcoming EC proposals, some firms are voicing concerns that mandating multiple CTPs could create fresh problems around data fragmentation and connectivity costs.

In business, competitive markets are generally considered desirable. But in the case of a consolidated tape in Europe, many market participants favor a single provider over multiple consolidated tape providers (CTPs). “Normally we are quite prompt to say competition will help the market be more effective, but in this case, the consolidated tape by design is more suited to a central provider where you see all the data at a very low cost. So, competition, in this case, may not be the right answer