Consolidated Tape Provider selection procedure - Shares and ETFs

The European Securities and Markets Authority (ESMA) has issued a call for tenders for the selection of a Consolidated Tape Provider (CTP) for shares and ETFs. The procedure is classified as competitive with negotiation. The estimated total value of the contract is listed as €1, which is likely a placeholder. The deadline for submitting requests to participate is set for July 25, 2025, at 13:00 Europe/Paris time, and the contract duration may extend up to 60 months. Eligible applicant types include any economic operator that can provide financial market data services. This encompasses large enterprises, SMEs, and financial data vendors with the relevant technical capabilities. While SMEs may apply, the tender is not specifically aimed at them. The funding type is a procurement contract focused on services. There is no requirement for a consortium; a single applicant is sufficient to apply for this contract. The geographic eligibility allows participation from entities in the EU and potentially the EEA, adhering to EU procurement rules. The primary focus is on financial market regulatory services, as indicated by the CPV code 66152000. The project is not at the research or development stage but targets delivering ongoing operational services related to consolidated tape provision. Although the nominal contract value is €1, actual compensation is expected to derive from the market-driven nature of the services provided. The procedure includes at least two stages: first, submitting a request to participate, which must meet submission criteria, followed by a formal tender submission for shortlisted candidates. The selected provider will receive monetary compensation for delivering CTP services, and co-funding is not required. Furthermore, participants must use the electronic submission system, which supports various file types and adheres to security measures such as encryption to ensure data confidentiality. The system accommodates all 24 official EU languages, enhancing accessibility. Applicants need a Personal Identification Code (PIC) for participation, whether as a sole candidate or as part of a consortium. The tender documents and various annexes outlining application specifications, criteria, and required documents are available for download. This call presents an opportunity for qualified entities to engage in a crucial financial market service, with an emphasis on technical capability and compliance. The evaluation will be based on quality and price criteria, although details on success rates have not been disclosed.

The European Securities and Markets Authority (ESMA) has published a call for tenders, ESMA/2025/CPN-CC/0005, for a Consolidated Tape Provider (CTP) selection procedure focusing on Shares and ETFs. This is a competitive procedure with negotiation. The estimated total value of the tender is €1. The TED publication date is 20/06/2025, and the deadline for receipt of requests to participate is 25/07/2025 at 13:00 Europe/Paris time. The maximum contract duration is 60 months. The award method will be based on the best price-quality ratio. No framework agreement is specified.

The submission method is electronic, and submissions must be sent exclusively via the address for submission provided.

The main classification (CPV) code for this tender is 66152000, which refers to financial market regulatory services. The nature of the contract is for services.

The following documents are available for download:

1. ENInvitation submit request participate June 2025-signed-ts:Invitation to submit a request to participate, published on 20/06/2025, Version 1. No translations are available.

2. ENCTP Application specifications - Shares and ETFs:Tender specifications (requests to participate), published on 20/06/2025, Version 1. No translations are available.

3. ENAnnex III - List of documents to provide with request to participate:Tender specifications - adm.part (requests to participate), published on 20/06/2025, Version 1. No translations are available.

4. ENAnnex I - Selection and award criteria - CTP Shares and ETFs:Technical specifications (requests to participate), published on 20/06/2025, Version 1. No translations are available.

5. ENAnnex IV - Templates A5 and A6:Technical specifications (requests to participate), published on 20/06/2025, Version 1. No translations are available.

6. ENAnnex II - Declaration on honour:Declaration on honour (requests to participate), published on 20/06/2025, Version 1. No translations are available.

There is a section for Questions and Answers (Q&A), where interested parties can log in to create questions. Any public Q&A will be available.

Some frequently asked questions (FAQ's) are answered:

1. How to proceed if the system is slow or doesn’t work while uploading/downloading documents? Use the latest versions of Google Chrome or Mozilla Firefox. If the issue persists, clear the cache and cookies on the Internet browser. Published on 13/02/2025 20:52.

2. Which Internet browsers does eSubmission support? Use the latest versions of Google Chrome or Mozilla Firefox. For the most up-to-date technical recommendations, click on the link System Requirements. Published on 13/02/2025 20:52.

3. Is it possible to view the details of the submission after the deadline? No, the content of the submission is not accessible after submitting the tender as the system encrypts all attachments upon upload. Thus, the system will not allow decryption after the upload. Published on 13/02/2025 20:50.

4. Where can I find my submissions in Manage My Area, in the Funding & Tenders portal? Submissions can be found in ‘My Submission(s)’: tenders in response to open calls for tenders, requests to participate. Published on 17/10/2024 20:40.

5. Which size should attachments have? eSubmission accepts files that are less than 50 MB in size. Any larger sizes will not be accepted by the system. Published on 17/10/2024 20:36.

6. How should I name attachments in eSubmission? Attachments must be named following the System Requirements. See the following conditions: The ... Published on 03/10/2024 16:39.

7. Can I submit a video in eSubmission? Which formats are supported? Check the System Requirements of eSubmission. Published on 03/10/2024 16:37.

8. I received an invitation from the F&T Portal but cannot view the procurement documents. Invited candidates can only see the procurement documents after having selected an organisation. Go to F&T Portal, “My Invitations”. Click on “Select Organisation” from the “Action”. Published on 03/10/2024 16:37.

9. Do I need to validate my PIC in order to submit a tender in eSubmission? The Personal Identification Code (PIC) is mandatory to participate in a call for tenders as a sole candidate/tenderer or as a member of a group (consortium). For subcontractors PIC is not mandatory. Published on 03/10/2024 16:36.

10. I have an issue uploading a file in eSubmission and it’s giving me an error. What do I do? Make sure it follows the technical requirements of the system. A) For procurement procedures: B) For req... Published on 03/10/2024 16:36.

11. How many attachments can I upload per submission? The maximum number of documents the system will allow you to upload per tender is 200 files. Check the eSubmission System Requirements in the documentation. Published on 03/10/2024 16:35.

12. Why do tenderers need a PIC? It is mandatory to register for a PIC if you intend to submit a tender or a request to participate. Only one PIC per organisation must be used. Published on 23/04/2024 17:14.

13. How do I register my organisation and get a Participant Identification Code (PIC)? Check if the organisation is already registered using the Search PIC tool under 'How to Participate' > Participant Register. Published on 23/04/2024 16:07.

14. What is the validity period of a PIC? A PIC is unique and its validity is not limited in time. Published on 22/04/2024 22:55.

15. How many languages does the system support? The system is multilingual and supports all 24 official EU languages. Published on 01/04/2024 19:56.

16. Which is the character set encoding in the system? The character set encoding is UTF-8. Published on 22/02/2024 23:58.

17. Does the system use encryption to ensure the integrity and the confidentiality of the information? Yes, the system encrypts all uploaded documents, using an asymmetric key as an encryption mechanism. Published on 22/02/2024 23:57.

18. Which file types does the system support? The supported file types depend on the type of submission you want to make. The allowed file types are specified within the system requirements linked to the procedure in question. Published on 21/02/2024 23:55.

19. Can I view and edit my draft submission? Until the deadline for the submission has been reached, submissions in the draft status can be edited, viewed and deleted. Published on 24/03/2023 21:32.

20. In the submission report, under the name of our entity, "Legal form:UNKNOWN" is displayed while in the system, our legal form was correctly displayed. Is this a problem for the submission? No, it is just a display issue. This is not blocking for you: you can submit. Published on 03/08/2021 22:07.

21. I sent my submission on time and a few days later, I received an automatic email informing me that the deadline for the reception of submissions had been reached. Does this mean that my submission was not correctly sent? No, this is an auto-generated notification sent when the time limit of receipt defined for the call for tenders has been reached. Until then, you had the possibility of withdrawing. Published on 03/08/2021 22:05.

In summary, this is a call for tenders by the European Securities and Markets Authority (ESMA) to select a Consolidated Tape Provider (CTP) for shares and ETFs. The procedure is a competitive one with negotiation, and the submissions must be done electronically. The tender documents, including the invitation, application specifications, annexes regarding required documents, selection and award criteria, templates, and declaration of honor, are available for download. The deadline for submitting requests to participate is July 25, 2025. A key requirement for participation is having a Personal Identification Code (PIC). The eSubmission system supports various file types and uses encryption to ensure data integrity and confidentiality. The system supports all 24 official EU languages and uses UTF-8 character encoding.

Eligible Applicant Types:The eligible applicant types are not explicitly stated in the provided text. However, given the nature of the tender for a Consolidated Tape Provider (CTP), it is likely that eligible applicants would include entities capable of providing financial market regulatory services, such as financial institutions, data providers, or other relevant service providers.

Funding Type:The primary financial mechanism is procurement, specifically a service contract. The call is for tenders, indicating a procurement process where the European Securities and Markets Authority (ESMA) is seeking a service provider.

Consortium Requirement:The text does not explicitly state whether a single applicant or a consortium is required. However, the FAQ section mentions that a Personal Identification Code (PIC) is mandatory to participate in a call for tenders as a sole candidate/tenderer or as a member of a group (consortium), suggesting that both single applicants and consortia are eligible.

Beneficiary Scope (Geographic Eligibility):The geographic eligibility is not explicitly mentioned. Given that the lead contracting authority is the European Securities and Markets Authority (ESMA), it is highly probable that the geographic eligibility includes entities within the EU and potentially the EEA. Further details would need to be confirmed in the official call documents.

Target Sector:The target sector is finance, specifically financial market regulatory services. The tender is for a Consolidated Tape Provider (CTP) for Shares and ETFs, which falls under the broader category of financial services and market regulation.

Mentioned Countries:No specific countries are mentioned in the provided text. The relevant region is the EU, given the involvement of the European Securities and Markets Authority (ESMA).

Project Stage:The project stage is not explicitly defined, but it can be inferred that the project is at the implementation or operational stage. The tender seeks a provider to deliver ongoing services related to consolidated tape provision, implying a need for a solution that is ready for deployment.

Funding Amount:The estimated total value is listed as €1, which is likely a placeholder or a symbolic value. The actual funding amount or contract value would depend on the specifics of the tender and the proposals submitted by the applicants. The estimated total value is not a reliable indicator of the actual financial scale of the opportunity.

Application Type:The application type is an open call for tenders. The submission method is electronic, and the call is described as "Open For Submission." The procedure type is a competitive procedure with negotiation.

Nature of Support:The beneficiaries will receive money in exchange for services. This is a service contract, where the selected provider will be compensated for delivering the services outlined in the tender specifications.

Application Stages:The number of application stages is not explicitly stated, but the procedure type is described as a "Competitive procedure with negotiation," which suggests at least two stages: an initial submission of a request to participate and a subsequent negotiation phase for shortlisted candidates.

Success Rates:The success rates are not mentioned in the provided text.

Co-funding Requirement:The co-funding requirement is not mentioned in the provided text.

Summary:

This opportunity is a call for tenders issued by the European Securities and Markets Authority (ESMA) for the selection of a Consolidated Tape Provider (CTP) for Shares and ETFs. The procedure is a competitive one with negotiation, and submissions must be made electronically. The deadline for receipt of requests to participate is July 25, 2025. The contract duration is estimated to be 60 months. The tender falls under the financial market regulatory services sector. Applicants must submit a request to participate, and the selection will be based on a best price-quality ratio. The estimated total value is listed as €1, which is likely a placeholder. A Personal Identification Code (PIC) is mandatory for participation, whether as a single applicant or as part of a consortium. The eSubmission system supports various file types and has specific requirements for attachment sizes and naming conventions. The system also supports all 24 official EU languages and uses encryption to ensure the integrity and confidentiality of the information. The selected provider will be compensated for delivering CTP services.