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FCA launches bond consolidated tape

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The FCA has launched its new bond consolidated tape whereby investors and market participants can access a single, real-time source of prices and trading activity in the UK market. The tape will be operated by ETS Connect UK, who was appointed following a tender process launched in March 2025.

The service will cover post-trade transparency data for bonds admitted to trading on UK venues, but exchange-traded notes and exchange-traded commodities are excluded.

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