ESMA Picks Provider for New EU Financial Data Hub
The European Securities and Markets Authority (ESMA) has selected a provider to build and operate a new 'consolidated tape' for derivatives data. This system will centralise trading information from across the EU into a single, real-time stream. The initiative is a cornerstone of the EU's Capital Markets Union, aiming to increase market transparency, lower costs for investors, and make EU markets more competitive. This marks a key step towards creating a more integrated and efficient single market for capital.
A new data hub will make EU financial markets more transparent and accessible for investors.