Amsterdam, Dublin and London, February 24th, 2025 –. Bondtape, a leading contender for both the EU and UK bond Consolidated Tapes (CTs), launched live prototypes of each Tape last week. These prototypes give all stakeholders early insight into what the CTs might look like and enable participants to start planning for the value they will realise from the final product.
There is one prototype for the EU transparency regime and another for the UK, each consisting of a ‘blotter’ of the trade reports published on a given day. The blotter updates intraday and provides helpful sorting and filtering functionality, so that you can search by a specific set of ISINs, maturities, venues, amongst other dimensions. All details on how to register for access, plus user documentation, are found here.
Most importantly, Bondtape included functionality to “cleanse” the reports – removing ‘out-of-date’ entries and leaving only the most recent, accurate version of a trade report. This meets the FCA’s requirement to offer both a “raw” and “clean” version of CT content and, when used in practice, will prevent “double-counting” of trades.
Bondtape released these prototypes to showcase its readiness to deliver useful, high-quality CT content from day one. We also invite and actively encourage feedback on the prototypes from the market to help us create the best solution for stakeholders. Please reach out to info@bondtape.org to share your thoughts or for any other enquiries.
Oliver Haste of Bondtape, stated:
“These prototypes show the market that we are already capable of delivering robust, high-quality tapes and that we are committed to working together with the industry to develop the best product. While these prototypes are only a small window into what the final tapes will look like, we believe in the power of demonstrating working products as early as possible to inspire confidence and seek actionable feedback.”
Notes to editors:
About Bondtape
Bondtape was created in a partnership between FINBOURNE Technology and Propellant Digital to compete for both the EU and UK bond Consolidated Tape Provider (CTP) tenders.
We aim to reduce operational complexity and increase transparency across the financial services industry. The Consolidated Tapes give us the opportunity to deliver on that mission and build on our track records.
FINBOURNE
Founded in 2016, and with operations in North America, Europe, the UK and Asia-Pacific, FINBOURNE’s mission is to help financial services firms unlock the power of data and investment functionality and greatly enhance the services our clients can provide to their clients.
Across the investment lifecycle and beyond, we are enabling the next waves of technological change.
The network of data and functions we deliver to AI and ML programming ecosystems can transform the operating model for clients, readying them for the coming wave of AI-driven efficiencies.
Propellant Digital
Born in 2021, our mission is to take financial markets information and make it transparent, accessible, affordable and useful to all parties in the ecosystem.
Propellant Digital is an award-winning technology company specialising in Fixed Income data analytics. Our founders are trusted specialists in transparency and trading data, passionate about making bond, swap, and ETF markets more transparent.
Our unique analytics cloud platform leverages the most extensive Fixed Income dataset, providing users with the insights they need to improve trading strategies, streamline workflows, and make informed trading decisions.