EPAM Builds Cloud Infrastructure for EU's First Consolidated Tape

The project addresses the historical complexity of European financial markets, where data was scattered across dozens of countries, resulting in inconsistent and expensive access for investors. By implementing a greenfield, cloud-native architecture, EPAM enabled high-volume data ingestion and processing. The technical stack includes the TimeBase database and messaging middleware to ensure low-latency performance for market participants.

Beyond core infrastructure, the collaboration produced a suite of customer-facing portals and robust APIs. These tools facilitate real-time data access via FIX standards in SBE and secure web socket connections. According to Eglantine Desautel, CEO at EuroCTP, the partnership required a combination of technical capability and program governance to meet strict pan-European regulatory standards. EuroCTP, a joint venture owned by 16 European exchange groups, operates under a five-year mandate from the European Securities and Markets Authority (ESMA) to enhance market transparency across all 27 member states.