Ediphy has launched a new consolidated bond tape aggregation service, set to cover UK, EU and US post-trade fixed income markets.
The new service – Ediphy Connect – is live from 23 June 2026 and will combine the underlying consolidated tape feeds across these regions into a single normalised feed, including cleansed, enriched and deduplicated data.
The basic layer for the solution is set at an annual price of £2,500, fixed for 25 years and including all functionalities and support.
Chris Murphy, co-founder and chief executive of Ediphy, said: “Consolidated tape data should be a utility. Every firm trading fixed income needs this data, and the barrier should be as low as we can make it. Ediphy Connect makes that available to the market at a fixed, transparent price.”
The launch of the aggregation service is timely, and follows the go-live of the UK consolidated tape for bonds on 22 June, operated by Etrading Software on the basis of a five-year contract.
Read more – A closer look at the UK fixed income consolidated tape: Concept becoming reality
The European Securities and Markets Authority (ESMA) is currently engaging in the authorisation process for the EU’s bond tape counterpart, which will launch through fairCT, coordinated by Ediphy.
Ediphy has previously confirmed that the tape will go live when an ‘80/80’ condition is met – when connectivity is secured with at least 80% of European trading venues and APAs by number, which represents a minimum of 80% of traded volume.
Institutional support for the launch of the EU tape has been notable, and in early June, fairCT secured backing from five major institutional investors to support the tape’s delivery and bolster market growth.
Specifically, Barclays, Citadel Securities, Deutsche Bank, TP ICAP and UBS Investment Bank are set to provide technology infrastructure and institutional market structure experience to bolster the tape’s launch and operations.