Etrading Software Appoints Industry Veteran as Chair of Consolidated Tape Advisory Group

Etrading Software (ETS), the global regulatory data provider, today announces the appointment of Stephane Malrait as chair of its Industry Stakeholder Group (ISG) on the Consolidated Tape (CT) with immediate effect.

Stephane was previously Managing Director and Global Head of Market Structure and Innovation for Financial Markets at ING Bank. He oversaw market structure and industry challenges, lead innovation activities internally and with Fintech partners, contributed to industry working groups, and was a member of the ING Wholesale Bank Innovation Board.

Stephane will bring a wealth of knowledge on fixed income and derivative markets, technology and advocacy to the role, built over an extensive career at ING Bank and previous roles.

The ISG is comprised of 20 diverse members, including market data contributors, end-users and vendors, and provides recommendations to ETS on design, governance and technical aspects of the CT. The ISG published its initial recommendations on data quality, technical specifications, costs and implementation strategy on 21 November.

In the run-up to the CT tender processes in the UK, with FCA committed to appoint a bond CTP in early 2025, and in the EU, with ESMA committed to one by the end of 2025, Stephane will lead the ISG’s deliberations on functionalities, fee and licensing models and other aspects of the tender process. The appointment of a chair underlines the importance ETS places on strong governance and industry expertise in delivering an optimal CT utility, for the industry, by the industry.

Sassan Danesh, CEO of Etrading software, said:

“We are delighted to have Stephane on-board and leading our stakeholder engagement activities. His leadership will be instrumental in the design of a high-quality tape.”

Stephane Malrait, Chair of the Consolidated Tape Industry Stakeholder Group, said:

“The consolidated tape is going to be a major market structure change in the UK and Europe and will impact all market participants. It is important that the voice of the user community is represented to advice and give feedback to CT providers”.