The UK’s consolidated tape for bonds is live, with 98% contributor coverage by notional trade value.
Etrading Software CEO Sassan Danesh told The DESK, “It’s basically everyone apart from TP ICAP, and they’ve told us they’ll be there from 31 August. We spoke to the FCA, our own board and the consultative committee to agree what the threshold needed to be for launch, and the figure we got back was between 75% and 80%.”
Explaining how the 98% coverage has been achieved, Danesh continued, “We had a lot of bilateral conversations with data providers. Our scale allowed us to access that nuance.”
