UK Watchdog to Set Up Trading Tape for Bonds Ahead of Stocks
- Tape would collate and disseminate trading data in one feed
- Part of drive to make data more efficient and transparent
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The Financial Conduct Authority has proposed setting up a single UK price feed for bond trades before it establishes one for equities, according to a statement on Wednesday.
The UK watchdog is planning to run a competitive tender process to appoint one provider of the technology for fixed income, with a tape for equities following later. The technology will collate the price, size and timing of trades across multiple trading venues in the country to produce a centralized, near real-time feed.