Using the Data
Licence Types and Fees
User Types
- Individual – one login for use by a single person for professional, investment, analytical or other non-casual purposes, including self-directed investors (including subscribers to data-services which licence UK bond CT data), analysts, journalists, and consultants.
- Enterprise – unlimited internal access, permitted to create value-added and derived services. Fees are tiered by revenue.
- Redistributor – allows onward distribution of unaltered data to unlimited chain of end-users (which can include other redistributors).
- Academic / Non-Commercial – one login for use of historical data only, free of charge, for research purposes.
User Data Licence Types
Real-Time Data Licence
Provides access to the live data stream of consolidated post-trade bond data.
Historical Data Licence
Provides access to the full historical dataset, updated daily with corrections, cancellations and amendments.
Annual fees 2026-2027
Below is an overview of the ETS Connect UK user licence types, and the associated Year 1 annual fees for accessing data and support services in the production environment from 22 June 2026.
| Licence Type | Annual Data Fees2 | Annual Support Fees | Distribution Technologies4 | ||
|---|---|---|---|---|---|
| Real-time Data | Historical Data | Market Hours | Out of Hours3 | ||
| Individual | £0.01 | £0.01 | FREE | FREE | GUI |
| Enterprise <£10M1 | £0.01 | £0.01 | FREE | FREE | API / GUI / CSV |
| Enterprise <£50M1 | £0.01 | £0.01 | FREE | FREE | API / GUI / CSV |
| Enterprise <£250M1 | £72.00 | £18.00 | FREE | FREE | API / GUI / CSV |
| Enterprise <£1BN1 | £720.00 | £180.00 | FREE | FREE | API / GUI / CSV |
| Enterprise >£1BN1 | £3,600.00 | £900.00 | FREE | FREE | API / GUI / CSV |
| Academic / non-commercial (including retail) | Not Available | FREE | FREE | FREE | GUI / CSV |
1 Enterprise tiering is based on annual revenue of the organisation.
2 Fees only applicable if user does not have an existing data licence.
3 24/5 Support will be provided by ETS Connect UK free of charge until 4 January 2027. Following this, Accredited Partners will provide support solutions in line with ETS Connect UK’s Accredited Partner programme (see below for more detail).
4 All available distribution technologies relevant to the User Type are included in the licence fee.
User Support Options
ETS Accredited Partner programme
The Accredited Partner programme enables commercial providers to offer value-added support services tailored to the needs of different user groups. This includes the potential for extended hours support, specialist technical assistance, and integrated service offerings.
The model is designed to:
- Promote competition and innovation in support services
- Provide users with choice and flexibility in how they access support
- Leverage existing industry capabilities and infrastructure
- Support scalability as the market evolves
Maintaining neutrality of core infrastructure
The separation of core operations from commercial support services reinforces the role of the CTP as a neutral market infrastructure. Accredited partners will be subject to objective and proportionate eligibility criteria, aligned with broader regulatory principles of openness and competition.
Next steps
To support industry readiness, ETS Connect UK has set out the following planned milestones for implementation:
- 26 May 2026 – Draft accreditation terms and technical specifications published
- 6 July 2026 – Final terms and specifications published and applications open
- 7 December 2026 – Accredited Partners enabled for production access
- 4 January 2027 – Formal start of support programme
24/5 Support will be provided by ETS Connect UK free of charge from the launch of the UK bond consolidated tape on 22 June 2026 until 4 January 2027.
ETS Connect UK will engage with users and prospective partners throughout 2026 to support industry readiness and a smooth transition to the Accredited Partner model. Full programme documentation, including eligibility criteria, technical specifications and application procedures, will be published on the ETS Connect UK website in line with the announced timetable ahead of the planned formal launch in January 2027.
Redistributors
Key terms
- Redistributor agreement requires pass-through terms to end-users
- Firms must redistribute data via the same license type as received from the CTP
- Enterprise licence also required to use CT data internally
- Enterprise licence also required if CT data is modified for redistribution
Data Fees
- No fixed fee payable by Redistributors (who don’t use the data internally)
- No user fees payable if the end-user already has an existing data licence
- Redistributor must pay the CTP applicable user fees before enabling the client
- Redistributor can determine the data fees it onward charges its clients
User Licence Agreements
Please note that updates to User License Agreement documentation will shortly be published to reflect the introduction of the Accredited Partner programme. If you have any questions in the meantime, please contact our Support team: [email protected]
ETS Connect UK Academic & Non-Commercial Licence FINAL v1.0Download
ETS Connect UK Enterprise Licence FINAL v1.0Download
ETS Connect UK Individual Licence FINAL v1.0Download
ETS Connect UK Redistributor Licence FINAL v1.0Download
ETS Connect UK User Order Form FINAL v1.0Download
Summary of Amendments
These documents summarise the key changes between the ETS Connect UK draft User terms and the final User terms and Order Form. Note: marked-up versions of each of the final documents are also available below.
ETS Connect UK Summary of Amendments and Other Feedback on User TermsDownload
ETS Connect UK User Licence Agreements and Order Form RedlineDownload