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Bloomberg, MarketAxess, Tradeweb scrap joint data venture

Trio had planned a bid to be the consolidated tape provider for bonds in Europe and the UK

Both the EU and UK have been looking to develop a golden source of trade data
Both the EU and UK have been looking to develop a golden source of trade data Photo: Getty Images

Bloomberg, MarketAxess and Tradeweb have axed plans to form a joint venture for bond data.

The trio were slated to bid for a chance to become the consolidated tape provider in Europe and the UK for fixed income.

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