Investors get real-time view of UK bond market activity for the first time
7 hours ago
- #bond market
- #financial regulation
- #market transparency
- The UK has launched its first bond consolidated tape, operated by ETS Connect UK, providing real-time prices and trading activity across the UK bond market.
- The new service consolidates previously scattered data, offering a single, comprehensive view of market activity with 98% market coverage of in-scope bond trading.
- It follows regulatory changes in December 2025 that boosted real-time reporting of corporate and government bonds from under 5% to over 75% and around 30% to approximately 80%, respectively.
- The FCA will supervise ETS Connect UK under a 5-year contract to ensure data quality, completeness, and timeliness.
- Industry leaders, including the FCA and UK Finance, highlight that the tape enhances transparency, efficiency, liquidity, and the UK's competitiveness as a global finance centre.
- The launch is part of a broader UK market transparency program, with future plans for an equity consolidated tape.