FCA Approves UK Bond Consolidated Tape, ETS Connect UK Clears Launch for June 22

The Financial Conduct Authority approved ETS Connect UK, a subsidiary of Etrading Software, to operate as the Consolidated Tape Provider for UK bond markets on May 28, 2026. The platform is scheduled to go live on June 22, 2026.

The authorization marks a major milestone in Britain's post-Brexit modernization of fixed income market infrastructure. The UK bond Consolidated Tape aims to centralize post-trade bond transaction data collection, validation, and distribution across the fragmented UK market, improving transparency and price discovery for asset managers, banks, and institutional investors. Global bond markets exceeded $140 trillion outstanding in 2025, according to the Bank for International Settlements.