Consolidated tape

Propellant Digital: Everyone asked for the data. Now what?

Charlie Gibson, Chief Commercial Officer at Propellant Digital addresses how trading desks can optimise their use of CTP data The fixed income industry has got...

Will credit transparency beget credit liquidity?

After years of false starts and fragmented post-trade reporting, the fixed income markets in the UK and Europe are on the cusp of a...

ICMA 2026: Top five concerns with European transparency regime

A panel of experts has outlined ongoing issues with transparency in Europe at the ICMA annual AGM in London, speaking under the Chatham House...

Propellant Digital: European credit became transparent overnight

What traders need to ask now? By Vincent Grandjean, Founder & CEO, Propellant Digital. The new FCA transparency regime went live on 1st December 2025 with an immediate...

How portfolio trading can prompt a rethink for credit TCA

Portfolio trading (PT) has grown significantly in corporate bond markets, and it creates some meaningful complications for transaction cost analysis and market data. Portfolio trades...

The need to negotiate a consensus price

Request-for-quote (RFQ) remains the primary go-to protocol across electronic trading venues in corporate bond markets for buy-side traders. Despite speculation that the electronification of...

Is Europe’s consolidated tape already shaping trade sizes?

Trade sizes in Europe’s corporate bond markets are aligning across investment grade (IG) and high yield (HY) sectors, while the US markets are still...

FCA estimates revenue from UK consolidated tape to be £4 million over five years

Attendees at the Fixed Income Leaders Summit in Amsterdam were told to get ready for the arrival of the consolidated tape in Europe, with...

CTP authorisation duration remains unknown

While the CTP selection process is keeping to ESMA’s intended timeline, there is still uncertainty around when the tape will be implemented. Once a provider...