ETS Attach UK wins out following FCA bond consolidated tape authorisation

ETS Attach UK has formally gained the race to transform the United Kingdom bond markets’ consolidated tape supplier (CTP), after securing authorisation from the Monetary Behavior Authority (FCA).  

The authorisation marks a fruits of the regulatory procedure for the company, following the granting of a £4.8 million contract to Etrading Instrument in September 2025, permitting the company to ship the tape for a five-year duration.  

The inside track aligns with the deliberate go-live of the tape on 22 June 2026, and lets in ETS Attach UK – Etrading Instrument’s devoted CT subsidiary – to proceed with complete implementation readiness and engagement with marketplace individuals forward of supply.  

Talking to The TRADE, Sassan Danesh leader govt of Etrading Instrument, mentioned: “The authorisation of the United Kingdom bond consolidated tape supplier marks the ultimate step within the regulatory procedure and strikes our focal point firmly onto adoption. The tape creates a unmarried, standardised view of submit‑business bond marketplace process, offering a extra constant reference level for pricing and execution research.” 

The licensing lets in follows an review procedure engaging in via the FCA, which spanned governance, operational and technical frameworks.  

In preparation for the tape’s supply, ETS Attach UK has taken a number of steps to identify the desired infrastructure, regulate and processes for an efficient CT.  

Those come with the discharge of draft and ultimate contracts, e-newsletter of technical specs, the status quo of a consolidated tape consultative committee, and a structured sequence of trade engagement actions.  

Highlighting subsequent steps following the authorisation, Danesh additionally added: “The important thing now’s how briefly corporations get started the usage of that knowledge inside of their workflows and the merit that brings from day one.” 

The trail to authorisation has now not been completely clean, and in overdue September 2025, the United Kingdom bond CT comfortable procedure got here underneath fireplace from competing bidder, Ediphy, following a formal problem towards the FCA’s resolution to award Etrading Instrument the CTP mandate.  

The suspension of the contract was once due to this fact lifted in December 2025, with Ediphy mentioning that the verdict was once pushed via a wish to prioritise simple task for the United Kingdom bond marketplace, and save you any more delays to the tape’s supply.