Tradeweb opts for Propellant as platforms roll out CT integrations

November 13, 2026

Tradeweb has selected Propellant Digital’s technology to enhance its automated pricing engines, execution tools and analytics workflows.

The trading platform will use Propellant’s technology to process UK and EU post-trade data, FINRA TRACE, the UK and EU bond consolidated tapes, and FTC-regulated swap data repositories.

The need for consolidated consolidated tape data has been a key space for vendors to tap into. At FILS this year, nearly half of the buy-side participants polled stated that they were not using the tape, arguing that the data would be more useful if it were cleansed by a third party.

“Comparing consolidated tape, venue and APA, TRACE and swap data on a like-for-like basis requires consistent treatment of duplicate reports, deferrals and amendments, and common instrument classification, which Propellant’s technology provides,” Propellant stated.

In June, European tape provider parent company Ediphy launched a service combining the UK, US and upcoming European tape data.

Tradeweb competitor MarketAxess launched an enhanced consolidated tape in advance of the official UK tape launch, adding contextual information to trading data.

The UK bond consolidated tape has been operational since June, and is operated by Etrading Software.

The European tape is expected to launch in Q1 2027.

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