FINBOURNE Technology announced it’s become the technology infrastructure provider for the Bloomberg, MarketAxess and Tradeweb initiative to build a consolidated tape (CT) for fixed income in Europe.
“We believe a CT would play a key role in achieving this and it is why we’ve spent significant time collaborating with capital markets firms, regulators and industry bodies, to collectively understand the data, its quality and how to deliver a resilient and practical CT to the market,” according to a company statement.
In June 2022, Bloomberg, MarketAxess and Tradeweb announced plans to establish a joint venture to “jointly explore the delivery of a consolidated tape for fixed income instruments in the European Union, with the intention to apply to become the consolidated tape provider (CTP) through the public procurement procedure, which the European Securities and Markets Authority, ESMA, will organize.”