ETS Connect UK on track for official bond tape launch

All launch criteria for the UK bond Consolidated Tape (CT) have now been met ahead of go-live.

ETS Connect UK today confirmed that all launch criteria for the UK bond CT have been met ahead of the service’s go-live on 22 June 2026. The criteria were established in consultation with the Financial Conduct Authority (FCA), the independent Consolidated Tape Provider (CTP) Board, and the CTP Consultative Committee.

The CTP’s technology platform, operational processes, and compliance framework have successfully completed all required readiness activities. In parallel, contributor coverage at launch is expected to exceed 85%, by notional trade value. With no outstanding conditions remaining, the service is now fully cleared for launch.

This milestone marks the culmination of extensive coordination across contributors, users, and infrastructure providers, reflecting strong industry-wide engagement in support of the UK’s first consolidated bond tape. It represents the completion of all regulatory, technical and operational requirements necessary to bring the service into operation.

Final countdown to go-live

This level of industry readiness reflects the significant engagement across the market in support of the consolidated tape and the shared commitment to making it a success.

Our progress reflects the depth of collaboration across contributors, users and vendors to deliver a service aligned with the FCA’s vision for enhanced post-trade transparency and HM Treasury’s broader objectives to strengthen the efficiency and global competitiveness of UK capital markets. As we enter the final days before go-live, we have strong confidence in the readiness of the contributor and user communities, the resilience of the platform, and the governance and controls underpinning the service.James Haskell, COO at ETS Connect UK

ETS Connect UK will continue coordinating with market participants to support final preparations for a successful launch of the service.