The UK’s bond CTP tender winner, Etrading Software, tells The TRADE the application is a strong signal to market participants to continue their preparations for the launch of the UK tape, while the legal challenge proceeds in parallel.
Currently EuroCTP is the only confirmed bidder for ESMA’s tape; ESMA is expected to make a decision on the CTP by the end of 2025.
The collaboration will integrate LSEG’s Yield Book fixed income data and analytics into FINBOURNE’s LUSID platform and builds on the two firms’ existing partnership from 2021.
The suggestions are aimed at ensuring increased investor interest in European capital markets.
Optiver remains a minority shareholder; capital injection from private equity investor Nordic Capital is set to bolster the firm’s global venue coverage, depth and multi-asset capabilities.
In a co-signed letter, the associations outline five key recommendations, which include expanding the depth of pre-trade quotes and adding venue identifiers on pre-trade data.
For panellists speaking at the Fixed Income Leaders Summit (FILS) in Amsterdam, clean, high-quality data is key to ensuring that both tapes attract investment and issuance into Europe and elevate global competitiveness.
The market must proactively prepare for the hurdles presented by the upcoming bond and derivatives transparency regime launching in the UK on 1 December 2025, affirmed panellists speaking at the 2025 Fixed Income Leaders Summit (FILS) in Amsterdam.
The collaboration builds on an existing relationship as Barclays targets growth and efficiency gains.
The collaboration coincides with a greater push for data transparency across the bond market, ahead of the upcoming EU and UK fixed income consolidated tapes.