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.
The signing of the concession agreement provides market participants the confidence to invest in connecting to the UK bond CT, secure in the knowledge that delivery of the infrastructure will proceed on a firm contractual basis and will not be disrupted by ongoing legal proceedings. Our focus remains on delivering a high-quality CT that enhances transparency, supports efficient market functioning, and provides long-term value to all participants.
Sassan Danesh, Chief Executive Officer of Etrading Software
ETS Connect UK will continue to update stakeholders through the ETS Connect UK website and scheduled webinars as the delivery progresses.
The timeline of key milestones is available here.
ETS Connect UK is a subsidiary of Etrading Software Ltd, which has been awarded the mandate for operating the UK bond CT. Etrading Software is a financial technology company focused on providing market participants with robust, transparent, and cost-effective market infrastructure solutions. The company specialises in the design and operation of mission-critical platforms across asset classes, supporting global regulatory initiatives and promoting industry-wide collaboration.
For more information, visit www.ets-connect.co.uk
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