ETS Connect UK, Etrading Software’s subsidiary appointed to operate the UK bond consolidated tape (CT), has launched membership applications for its consultative committee.
The committee is expected to support the development of the UK bond CT, specifically to shape the design and evolution of the tape, as well as ensure that representation is balanced in enabling the tape’s delivery.
Members will be selected through an open application process, assessed on industry experience, seniority, and the ability for effective contribution to the CT, The TRADE understands.
Speaking to The TRADE, Sassan Danesh, chief executive of Etrading Software, said: “The ‘consultative committee’ performs a critical role in assessing the operation of the tape and in advising the CTP board on matters including data quality and service quality. We look forward to working with our stakeholders to create a best-in-class transparency infrastructure that meets the needs of industry.”
The committee will consist of up to 20 members, spanning users, data contributors, vendors and academics.
Read more – Etrading Software wins UK bond CTP tender beating out three other bidders
The application for participation in the committee will close on 16 January 2026, with members set to be announced on 16 February.
The establishment of the consultative committee marks an initial step in Etrading Software’s delivery roadmap for the UK bond CT, ahead of the scheduled go-live date of 22 June 2026.
The roadmap includes the release of draft and final contracts, the publication of technical specifications, and industry engagement activities, such as webinars to provide updates and a forum for questions.
The committee’s launch and timeline follows recent news that Ediphy had consented to lifting the suspension of the UK Financial Conduct Authority’s (FCA) bond CT contract, more than two months after the firm challenged the awarding of the mandate to Etrading Software in September 2025.
Ediphy has confirmed that despite the suspension removal, it will maintain its claim for damages in the High Court.