EPAM Systems Catalyzes the Launch of EuroCTP: Empowering the EU's Equity Market Data Ecosystem

EPAM Systems Catalyzes the Launch of EuroCTP

In a significant advancement for European financial markets, EPAM Systems, Inc. has emerged as a vital partner in the launch of the EuroCTP, the first mandated consolidated tape provider for equities and exchange-traded funds (ETFs) across the European Union. This initiative aims to address the longstanding issues of fragmented market data access in Europe, which has historically plagued investors seeking timely and cost-effective information.

Transforming European Market Data

The historical challenge for investors in Europe has been the inconsistency of market data scattered across about 130 trading venues in various countries. With EuroCTP now live as of September 14, 2026, this project aims to offer a unified, real-time pre- and post-trade data stream, mitigating access difficulties and high costs. This move is a significant leap toward more robust market transparency, making it easier for investors to get accurate information.

Ben Brinkworth, VP and Head of Financial Services at EPAM in Europe stated, "Operating in highly regulated, pan-European financial markets requires a delicate balance of disruptive technology and strict compliance." Drawing on over three decades of engineering expertise, EPAM was ideally positioned to tackle the intricate infrastructure challenges that the EuroCTP initiative presented.

Key Contributions by EPAM Systems

EPAM's role in this project has been comprehensive, includes:
1. Hybrid Cloud-Native Architecture: EPAM took charge of designing an IT infrastructure that is not only secure but also scalable, effectively managing high-volume data streams that the EuroCTP platform requires.
2. Advanced Data Analytics Layer: Utilizing their proprietary TimeBase database and messaging middleware, EPAM developed advanced data processing mechanisms to seamlessly aggregate and visualize low-latency market data.
3. User-Centric Applications: Building intuitive portals and interfaces that meet the needs of future clients and stakeholders was also a major focus.
4. Real-Time Data Access Layer: EPAM provided outbound data access using FIX standards, ensuring real-time streaming for both pre-trade and post-trade data.
5. Program Governance: With a robust approach to integration coordination and end-to-end testing, EPAM ensured the platform's reliability.

The overall achievement highlights not just technological prowess but also commitment to a shared vision for enhanced transparency in the European financial markets. Eglantine Desautel, CEO of EuroCTP, remarked, "EPAM has been a valuable partner throughout a project that required more than just technical capability." Their consistent collaboration provided the backbone needed for EuroCTP's successful launch.

An Industry Catalyst

The EuroCTP project has established itself as a cornerstone in fostering fairness and accessibility to market data for all participants in the EU. With a shared ownership by 16 European exchange groups and direct supervision from the European Securities and Markets Authority (ESMA), the initiative is structured to operate under strict regulation, ensuring ongoing compliance and improving investor confidence.

Timo Pentner, CTO at EuroCTP B.V., acknowledged EPAM's instrumental role in bringing this initiative to life. Their delivery of a cloud-native infrastructure alongside low-latency APIs reflects a proactive management approach that has been crucial to the overall success of the project.

As financial institutions navigate complex regulatory environments, EPAM remains dedicated to driving digital transformation and providing unparalleled support. For more insights into how EPAM is empowering organizations to adopt the latest technologies in finance, visit epam.com/financial-services.

In summary, the collaborative efforts between EuroCTP and EPAM Systems exemplify how strategic partnerships can lead to significant advancements in financial services, particularly in enhancing data accessibility and market transparency across Europe. With the EuroCTP now operational, the European Union's financial landscape is on the cusp of a data-driven transformation.