Etrading Software (ETS) has launched ETS Connect, a regulatory data service providing real-time, standardised post-trade data for European bonds. The service comes as the UK and EU prepare to introduce bond consolidated tapes (CT), expected to go live in the first half of 2026.
ETS Connect offers intraday bond trade reports from the EU and UK, aiming to address concerns over the reliability of publicly available data. The platform normalises and cleanses trade data while applying a “traffic light” system to highlight potential errors. Additional analytics are included to provide further context for market participants. According to a press release, ETS Connect will remain free-to-use throughout 2025.
The service is structured to accommodate upcoming transparency regulations in the UK and EU, scheduled to take effect in December 2025. ETS Connect users will be automatically transitioned to the new data sets as they become available, including the future bond consolidated tapes, without requiring significant technical adjustments.
‘Consolidator of consolidators’
Etrading Software has positioned itself as a candidate to operate consolidated tapes in both the UK and EU. Sassan Danesh, CEO of Etrading Software, says: “We are delighted to play our part in increasing transparency in bond markets through the launch of ETS Connect. Our ‘consolidator of consolidators’ provides a single aggregated view of UK and EU markets today, even before the official launch of the respective consolidated tapes.”
