Collaboration can help minimise operational challenges. The UK and EU are building consolidated tape infrastructures across bonds, equities and derivatives, inspired by the success of the US TRACE system. For market participants, success depends not only on regulation and technology, but also on sequencing: staggered rollouts...
This content was originally published on The TRADE. In light of the legal challenge from Ediphy regarding the UK Financial Conduct Authority’s decision to award the contract for the UK bond consolidated to Etrading Software, chief executive of ETS, Sassan Danesh, unpacks why the suspension exists,...
On 1 December 2025, the FCA’s revamped bonds transparency regime comes into effect, slightly ahead of the EU’s (currently slated for March 2026 subject to final rule adoption). With less than three months to go, here’s a quick overview of the main UK changes. Same scope,...
The UK’s capital markets stand at a crossroads. The bond consolidated tape (CT) is a once-in-a-generation opportunity to strengthen transparency and competitiveness. As CEO of Etrading Software, I want to speak candidly about the current situation. The FCA’s award of this contract to Etrading Software,...
London, UK 24 September 2025 – Etrading Software welcomes the FCA’s award of the UK bond consolidated tape (CT) contract, a pivotal step in advancing market transparency, liquidity, and efficiency across UK bond markets. The award of this contract, which we consider followed a fair and transparent...
So, where does the CT fit in the EU’s strategic policy narrative and why is it so important for the market as a whole? Towards Draghi’s Vision: A Union That Delivers In his 2024 report on the future of EU competitiveness, Mario Draghi underscored the importance of...
Ubiquitous and comprehensive post-trade fixed income data will soon be a reality in the EU and UK. This will continue a long held tradition of evolution in this highly significant asset class. Major upheaval Distinguishing signal from noise in financial markets can often be problematic. However, where...
Whether it is sub-optimal trading decisions or questionable execution practices, it is fair to say a lack of reliable, comprehensive and accessible bond transaction data in the EU and UK creates a series of challenges for many market participants. Implementation shortfalls, missed trading and investment...
The ETS Connect Platform offers an aggregated view of bond markets London/Amsterdam, 12 March 2025: Etrading Software (ETS), the global regulatory data provider in the capital markets, today announces the launch of ETS Connect, a standalone regulatory data service offering real-time, normalised and cleansed feeds of...
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-awaited bond consolidated tape. The compacted timeline for the changes could pose a challenge for market participants,...
Talk to us and find out how our solutions can add flexibility to your business.
BOOK AN APPOINTMENT