Trading

Etrading Software wins race to provide UK bond consolidated tape

London-based fintech wins £4m contract from Financial Conduct Authority

Policymakers hope a golden source of trading data will boost UK markets
Policymakers hope a golden source of trading data will boost UK markets Photo: Getty Images

The Financial Conduct Authority has selected fintech firm Etrading Software to become the UK’s main source of bond trading data, Financial News can reveal.

The FCA awarded London-based Etrading Software a £4m contract to provide the UK’s first consolidated tape for bonds, according to a 29 August notice.

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