On average, 47,009 inbound records were processed daily in first week of tape operations; ETS Connect UK has confirmed it will open-source the full suite of data quality validation logic for the tape to boost transparency.
The authorisation marks the culmination of the consolidated tape's regulatory process; Etrading Software was granted a £4.8 million contract by the FCA to deliver the tape back in September 2025.
With the UK bond CT scheduled to launch on 22 June 2026, the new framework is set to deliver out-of-hours support on a 24/5 basis to help participants adapt to the new model.
Committee comprises 20 voting members spanning users, contributors, vendors and academia, from firms such as BlackRock, Citadel and Janus Henderson Investors.