The FCA has reached an agreement to lift the freeze on the bond consolidated tape contract award.
Once ordered by the High Court, the lifting of the suspension will clear a path to sign the contract with Etrading Software (ETS).
This means we can move forward on delivering the tape and continue defending the legal challenge in tandem. We will continue to engage data contributors and users alongside ETS.
This is an important milestone in our work to maintain the UK’s position as a highly competitive and compelling place to invest and grow.
We will provide an update shortly on the progress we have made in establishing a bond consolidated tape provider.
Background
- We recently filed an application with the High Court asking to lift the freeze on the contract award.
- We aim to determine Etrading Software’s authorisation as soon as possible, ahead of the launch of the tape in June 2026.
