ESMA_QA_2824
01/04/2026
Subject Matter
Consolidated Tape Provider (CTP)
Original question
What status must be reported when an instrument is reported for the first time to the CTP?
ESMA Answer
01-04-2026
Original language
The initial status of individual financial instruments is reported for the first time from data contributors to the CTP in the following cases:
(i) when the activities of the CTP start (i.e. the status should be ACTV, unless the instrument is already suspended or halted); and
(ii) when an instrument is newly admitted to trading (i.e, the status should be ACTV);
In essence, the initial message establishes the baseline status that the CTP will disseminate until a subsequent change is reported. Please find below some examples:
| Instrument | Publication venue | Status prior to go live T-1 | CTP go live date: T | …/… other phase changes sent throughout T | T+1 | T+N |
| ABC | MIC1 | ACTV | MIC1 sends a message with Trading phase set to ‘SOAU’ and status set to ‘ACTV’ | MIC1 sends a message with Trading phase set to new values | MIC1 sends a message with Trading phase set to ‘SOAU’ | MIC1 sends a message with status set to ‘RMOV’ |
| CTP | N/A | CTP sends a message with Trading phase set to ‘SOAU’ and status set to ‘ACTV’ | CTP sends a message with Trading phase set to those values and status set to ‘ACTV’ | CTP sends a message with Trading phase set to ‘SOAU’ and status set to ‘ACTV’ | CTP sends a message with status set to ‘RMOV’ | |
| DEF | MIC2 | SUSP | MIC2 sends a message with status set to ‘SUSP’ | No messages sent | MIC2 sends a message with Trading phase set to ‘SOAU’ and instrument status set to ‘ACTV’ | |
| CTP | N/A | CTP sends a message with status set to ‘SUSP’ | CTP sends a message with status set to ‘SUSP’ | CTP sends a message with Trading phase set to ‘SOAU’ and status set to ‘ACTV’ |
Status: Answer Published
Additional Information
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- Secondary Markets
Topic
Data reporting services providers