Consolidated Tape Provider (CTP)

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’