Etrading Software Appoints Senior Regulator to drive European Consolidated Tape Strategy
Former head of AFM’s consolidated tape sandbox will lead new Dutch office
Etrading Software focused on expanding regulatory data services to boost market transparency
London, 8th February 2024: Etrading Software (ETS), the global regulatory data provider, today announces the opening of its Dutch office alongside the appointment of Matthijs Geneste from the Dutch Authority for the Financial Markets (AFM) to the new role of Head of EU Regulatory Data Services.
Matthijs will head up ETS’s new office in the Netherlands and join its group leadership team. The new office will provide an EU platform for initiatives such as the consolidated tape other reference data initiatives. It will also act as point of contact for ETS’s Digital Token Identifier Foundation to EU regulators interested in Digital Token Identifier (DTI), an ISO standard for digital tokens.
He will play a central role in the growth of ETS’s regulatory data services, focusing on the development of reference data and the consolidated tape as a vehicle for transparency in European capital markets. His responsibilities will include playing a pivotal role in ETS’s bid to become the provider for both bond and derivative consolidated tapes.
Matthijs is a highly experienced financial regulatory, capital markets and EU affairs specialist who brings a depth of industry and supervisory expertise to the role. As senior supervisor in AFM’s Capital Markets Supervisory team, he worked closely on the reviews of MiFID II and was responsible for leading the regulator’s Consolidated Tape regulatory sandbox.
Prior to joining the Dutch regulator, Matthijs spent more than five years at ABN AMRO Clearing Bank N.V. as a global coordinator for regulatory affairs and derivative regulation expert. He also has six years of strategic consulting experience on behalf of global enterprises, institutional investors and public authorities.
The European Council and European Parliament agreed in 2023 to establish a consolidated tape for different asset classes to improve the transparency and competitiveness of EU capital markets.
The European Securities and Markets Authority (ESMA) anticipates authorising a consolidated tape provider (CTP) for bonds by the end of 2025, with other asset classes to follow. The Financial Conduct Authority (FCA) is committed to establishing a UK bond consolidated tape by early 2025, with the award of the CTP by end of 2024.
Etrading Software has a 20-year track record of providing trusted market and reference data to international financial institutions, with the infrastructure to support a resilient CTP proposition delivering open, impartial data access for investors. It is the primary data service and technology provider to the Derivatives Service Bureau (DSB), the global numbering agency for over-the-counter (OTC) derivatives.
Sassan Danesh, CEO of Etrading Software, said:
“Matthijs’ arrival is a great validation of the successful platform we’ve built at Etrading Software and the exciting opportunities ahead for us across international capital markets. The consolidated tape will usher in a new era of regulatory data transparency.
“With our trusted senior team, resilient infrastructure and unrivalled regulatory data experience, I am confident Etrading Software can support public authorities to deliver more open, effective markets for investors.”
Elizabeth Callaghan, CSO of Etrading Software said:
“I have been very impressed with Matthijs’ knowledge of market structure and regulatory environment. In particular, his spearheading of the consolidated tape sandbox at the AFM. I look forward to working with Matthijs to evolve EU and UK market structure to the next level, with the successful CTP tender awards.”
Matthijs Geneste, Head of EU Regulatory Data Services of Etrading Software, said:
“I have long admired what Liz, Sassan and the Etrading Software team have achieved, so the chance to join them and lead from the front in raising the bar for capital markets data transparency was too good to ignore – especially having worked closely on establishing the revised transparency and consolidated tape framework.
“Now is the time to deliver, and all eyes will be on industry to make the vision of consolidated market data a reality across the EU and UK. It was important to me to join a team with the talent, technical expertise and track record to take this challenge in their stride. I’m hugely excited by our plans and what we can achieve together.”