EPAM Builds Infrastructure for EuroCTP, Europe's Consolidated Tape Provider
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- Repetition
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New informationRepeats or wire copies
What happened
EPAM announced it was hired as the strategic engineering and delivery partner for EuroCTP, the European Union's first mandated consolidated tape provider for shares and ETFs. EPAM co-architected, built, and delivered the cloud-native part of the hybrid infrastructure for EuroCTP. This new centralized market data ecosystem is designed to aggregate pre- and post-trade data into a single, regulated, real-time data stream.
From finanznachrichten.de
Why it matters
The initiative addresses the long-standing issue of financial market data across Europe being inconsistent and costly due to fragmentation across dozens of countries and numerous trading venues. The successful implementation of this infrastructure aims to standardize and centralize this market data flow.
From finanznachrichten.de
Who's involved
- EuroCTPThe European initiative providing the EU's first mandated consolidated tape for shares and ETFs.
- EPAM SystemsThe strategic engineering and delivery partner responsible for building the cloud infrastructure for EuroCTP.
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The entities involved
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EuroCTP
Financial services company
Nothing else this week.
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EPAM Systems
global provider of software engineering and IT consulting services
Nothing else this week.