fairCT’s Post

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