A tale of two tapes: Consolidating the consolidators
Market participants will be hit with simultaneous, major technical demands in late 2025 and early 2026 as both the EU and UK update transparency regimes and bring in the long-await
Etrading Software is the global provider of technology-led solutions designed to assist financial institutions and industry initiatives address highly complex and constantly evolving market and regulatory challenges. The Group has offices in Europe and Asia, with headquarters in London.
Automated Solutions, Managed Services, and Reference Data for the Global Capital Markets
Etrading Software combines its technical and management expertise to provide holistic solutions that help organizations address complex challenges, leading to it being sought after by the overseers and operators of global capital markets.
DERIVATIVES
Deep expertise in derivatives reference data and market data solutions.
OTC ISIN
We are the technology and service provider, to the Derivatives Service Bureau (DSB), a subsidiary of the Association of National Numbering Agencies (ANNA) and the global numbering agency for OTC derivatives.
Our expertise has been developed over 10 years and is valued by customers and standards bodies such as the International Organization of Standardization (ISO) and the Financial Information eXchange (FIX).
EQUITY
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UPI
Etrading Software will act as Managed Service Provider (MSP) to ANNA DSB for a new mandate awarded to ANNA DSB by the Financial Stability Board to operate the service to generate Unique Product Identifiers for OTC Derivatives. A UPI will be assigned to an over-the-counter (OTC) derivatives product and used for identifying the product in transaction reporting data. This will enable authorities to aggregate data on OTC derivatives transactions by product or by any UPI reference data element.
DIGITAL ASSETS
ISO Standard Digital Token Identification.
Digital Token Identifier Foundation (DTIF) provides the golden source reference data for the unique identification of digital tokens based on ISO’s new standard for digital assets, ISO 24165. It is tasked to issue and maintain these digital token identifiers (DTIs) on a non-profit basis, with the aim of increasing transparency in the digital asset space through the creation of a core reference data set based on open data principles and available as a public good.
LOANS
We design and build pioneering solutions to market-wide problems.
EPIC – Loans Desktop Platform
In partnership with Coefficient Markets LLC, we have launched a new desktop platform to help provide automation and bring much needed efficiencies to the Loan Market. Where voice trading and spreadsheets currently dominate, our new platform brings efficiencies, by automating and streamlining aspects of the sales and trading process.
EPIC Mirror – Tailored for buyside loan clients’ needs
EPIC Mirror, the buyside complement to Coefficient’s existing EPIC sell-side workflow management product, aggregates market pricing and liquidity directly from participating dealers in real-time, allowing asset managers to increase the speed and efficiency of their trades.
LATEST NEWS
Etrading Software Appoints Industry Veteran as Chair of Consolidated Tape Advisory Group
Stephane Malrait to be chair of Etrading Software Industry Stakeholder Group (ISG), with the task of ensuring user needs are fully represented in the Consolidated Tape London, 13 D
Etrading Software becomes the Designated Numbering Agency responsible for issuing crypto asset ISINs
Etrading Software has been recognised as a Partner of Association of National Numbering Agencies (ANNA) London, 9 December 2024 – Etrading Software (ETS), the global regulatory d
Industry Stakeholder Group on Consolidated Tape publishes its first Progress Report
Etrading Software’s advisory group promotes meaningful market transparency (You can download this article as a PDF here: Industry Stakeholder Group on Consolidated Tape publishe
ETS updates FCA bonds transparency tables to show non-cumulative % for trade/volume against thresholds
ETS has updated its summary on the FCA’s new bond transparency rules to show the estimated non-cumulative % for trade and volume captured within the new thresholds. (You can down