fairCT

Great to see the Delegated Act on derivatives identifier being published by European Commission. Ediphy was delighted to play our part in advising the team. The result is pragmatic compromise, providing absolute clarity on the important instrument definitions of price-forming swaps whilst minimising implementation costs. It is a key enabler to the European derivative #consolidatedtape and is welcomed by fairCT as the next step in the journey to making this happen. https://lnkd.in/egzNH85h

💬 "The biggest goal of a fixed income tape should be the aggregation of, and democratised access to, market data", said Christopher Murphy of Ediphy in today's WatersTechnology.com Alongside leading institutions, Ediphy is heading up fairCT – an initiative to deliver a high quality, industry-driven Consolidated Tape for bonds Read more about why we think this is important here: https://lnkd.in/dsj_kmsY #bondmarket #consolidatedtape #transparency

💬 "The biggest goal of a fixed income tape should be the aggregation of, and democratised access to, market data", said Christopher Murphy of Ediphy in today's WatersTechnology.com Alongside leading institutions, Ediphy is heading up fairCT – an initiative to deliver a high quality, industry-driven Consolidated Tape for bonds Read more about why we think this is important here: https://lnkd.in/dsj_kmsY #bondmarket #consolidatedtape #transparency

🇪🇺 Consolidated tape 'Necessary but not sufficient' to present a European shop-front that is attractive to global investors 👏 Great to see our fairCT partners at Cboe Europe get due airtime with Bloomberg News on the topic of consolidated tapes for equities in Europe via Natan Tiefenbrun. Cboe Global Markets are true innovators in this space and we are excited to have them part of the fairCT initiative. https://lnkd.in/dYrP6u5Z #bondmarkets #consolidatedtape #transparency

🏁 As reported yesterday by The TRADE News and others, ESMA announced the dates by when they will select a consolidated tape provider for Europe. Last week we annoucned fairCT, a collaborative consolidated tape initiative led by Ediphy and supported by a wide range of industry participants. Excited to see both regions off to the races! https://lnkd.in/dswhtxTW #consolidatedtape #bondmarkets #transparency

The European Consolidated Tape feels a bit closer today. European Securities and Markets Authority (ESMA) announces the next steps for the selection process.

Today, Ediphy launches fairCT, together with Cboe Europe , FactSet, Google Cloud, Norges Bank Investment Management, TP ICAP, and UBS. fairCT is our bid for the UK consolidated tape and has been designed to enhance transparency, liquidity, and participation in UK fixed income markets, with the commitment to delivering the best possible tape for the benefit of all industry stakeholders. Operating under the terms set out by the FCA, fairCT will be an industry utility, built with an ‘at reasonable cost’ philosophy. fairCT is committed to industry collaboration, providing timely and accurate data and to lower the cost of data access. Christopher Murphy, CEO of Ediphy said: “Our approach is fundamentally different from other contenders. First, we aim to return any economic value generated by the consolidated tape provider over its costs and reasonable returns to the users of the tape. Second, we have built this initiative as a collaboration between multiple participants representing all stakeholder groups. No other potential tape provider brings this diversity of experience nor delivers as fully on the alignment of product and customer needs, as proposed under the FCA Consumer Duty commitment.” Read more here: https://lnkd.in/dncjpuFW #FixedIncome #ConsolidatedTape #MarketTransparency #FCA #fairCT #Innovation