Ediphy Analytics is a division of the Ediphy Group. It shares its advanced technology with Ediphy Markets, a regulated execution service for capital markets. Co-founded by CEO Chris Murphy in 2017, the Ediphy Group is developing technology-led solutions to digitise and simplify institutional trading in international capital markets.

A prototype consolidated tape is being developed in conjunction with 10+ global industry participants and with the support of The Dutch AFM and The French AMF. The work , under the Ediphy initiative, launched in May 2021, is being completed in parallel to the revision process to the current regulatory framework being carried out by the European Commission under the MiFID Refit review. It is expected that the fully viable CTP solution will be ready upon completion of the Refit process and positioned for maximum success in the resultant ESMA competitive tender.

The initiative remains open to buyside, sellside and market infrastructure participants interested in joining an initiative with the aim delivering a market utility CT based on a cost recovery+ only model intended to reduce market data costs over time.