ETS Connect UK today announced the publication of the draft User Contract and associated fee schedule for the UK bond Consolidated Tape (CT). These materials provide market participants with early visibility of the legal and commercial framework governing access to UK bond CT data.
The fees and license grant are designed to meet the policy objectives of promoting the UK’s global competitiveness, encouraging innovation, and supporting the fintech ecosystem.
To promote these policy goals ETS Connect UK will:
- Provide the UK bond Consolidated Tape data at low/no cost to individual users, academic institutions and all firms with annual revenues less than £50m;
- Operate the real-time feed on a 24-hour, five-day-a-week basis, providing users with a resilient and continuously available view of post-trade bond market activity;
- Meet the needs of UK-based users by providing continuous support during UK market hours (8am to 5pm); and
- Meet the needs of global institutions by offering optional out-of-hours support on a 24-hour, 5-day-a-week basis.
Today we have published a pricing and licensing framework that we believe is among the most competitive and flexible available for bond market data globally. Our objective is to maximise access to UK bond data for the global bond trading community, and we are confident that this approach will support the UK’s position as a leading international centre for bond market activity.
Sassan Danesh, Chief Executive Officer of Etrading Software
The publication of the draft User Contract and fee schedule represents a further step in progressing delivery of the UK bond CT and supports firms in planning their internal readiness before the planned go-live on 22 June 2026.
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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