
Etrading Software signs Concession Agreement with the Financial Conduct Authority for delivery of the UK bond Consolidated Tape
London, UK
28 January 2026 — Etrading Software today announced that it has signed the concession agreement with the Financial Conduct Authority (FCA) to act as the provider that is responsible for delivering the UK’s bond Consolidated Tape (CT). Signing the agreement marks the formal transition into the implementation phase, during which ETS Connect UK, a subsidiary of Etrading Software, will undertake the build and operational delivery of the UK bond CT.
This milestone provides the launch-point for the programme to advance in line with the published timeline, including the release of draft and final contracts, publication of technical specifications, establishment of the CT Consultative Committee, and a structured series of industry engagement activities. ETS Connect UK will continue to work closely with the FCA and with market participants to ensure a transparent, accessible and high-quality Consolidated Tape.
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