ETS Connect UK today announces that it has been authorised by the Financial Conduct Authority (FCA) as the Consolidated Tape Provider (CTP) for UK bond markets. This authorisation represents a significant milestone in the delivery of the UK bond Consolidated Tape (CT) and enables ETS Connect UK to progress with full implementation in line with the planned go-live date of 22 June 2026.
The authorisation confirms that ETS Connect UK has demonstrated that it meets the applicable regulatory requirements to operate the UK bond CT. It follows a detailed assessment process conducted by the FCA across governance, operational and technical frameworks.
The authorisation reflects a further step towards delivering the UK bond CT within a defined timeframe, supported by a clear focus on implementation readiness and engagement with market participants.
ETS Connect UK has undertaken extensive work to establish the infrastructure, controls, and processes required to support a high-quality and resilient CT. This includes the development of technical specifications, onboarding frameworks, governance structures, and engagement with market participants to support readiness.
This authorisation provides the market with confidence that the launch of the UK bond Consolidated Tape remains on track. By setting out clear timelines and consistently meeting key milestones, we have provided market participants with the certainty required to invest in their own readiness for go-live.
James Haskell, COO at Etrading Software
The UK bond CT is intended to provide a consolidated, reliable, and accessible view of bond market activity, supporting improved transparency, price formation, and market efficiency.
ETS Connect UK will focus on coordination activities with market participants to support final preparations for an orderly launch of the service.
ETS Connect UK is a subsidiary of Etrading Software and 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 ets-connect.co.uk
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