In our last whitepaper, we outlined a simple framework to capture the interconnected, generic issues affecting “data quality” in order to maximise the efficiency of a CTP. Gathering records from July 2017 to October 2023, FINBOURNE has compiled a database with all historical FIRDS information – some 107,632,766 security records.
Using this data, this paper will take a deeper dive into the issues around reference data for all asset classes, as well as practices to ensure a ‘golden source’ to complement any work on transaction data.
FINBOURNE and the Consolidated Tape
At FINBOURNE, our mission is to reduce operational complexity and increase transparency across capital markets.
We’ve spent significant time collaborating with capital markets firms, regulators and industry bodies, to collectively understand the financial data, its quality and how to deliver a resilient and practical consolidated tape to the market.
CEO Open Letter: Continuing on the CTP road…
As we approach the end of 2023, CEO and Co-founder, Thomas McHugh, reflects on FINBOURNE’s Consolidated Tape (‘CT’) journey so far, and our commitment to the ongoing development of this project.
Read moreThe Road to the Consolidated Tape
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Operational bond CTPs
Featured Whitepapers
Consolidated Tape
CTP Whitepaper Series: #6 Reference Data – Part 1
Consolidated Tape
CTP Whitepaper Series: #5 Data Quality
Previously in this whitepaper series and alongside our work with the Dutch Authority for the Financial Markets (AFM), we have highlighted the data quality issues and basic building blocks that need to be addressed, to maximise the efficiency of a CTP.
In this latest paper, we try to create a singular view of the issues relating to ‘data quality’ and summarise their impact and the challenges market participants and retail investors face, as a result.
Consolidated Tape
CTP Whitepaper Series: #4 The ABC’s of a CTP
As the process of constructing and refining a consolidated tape (or tapes) gains momentum across the buy-side, sell-side and regulatory bodies, focus is now moving from the data quality issues to the practicalities of how and what will be implemented.
In our fourth whitepaper of this series, we explore ‘The ABC’s of the CTP’, identifying the basic building blocks that need to be addressed to maximise the efficiency of Consolidated Tape data, whilst minimising cost. We also explore how open APIs can increase the connectivity of data, to easily extract its value across the business.
Featured Blogs
Consolidated Tape
AFME and IA reach significant agreement on proposal for future UK post-trade transparency model for corporate and sovereign bonds, informed by FINBOURNE’s expertise
AFME and the IA have reached a significant agreement on a proposal for future UK post-trade transparency model for corporate and sovereign bonds. The joint proposal was informed and supported by extensive analysis of existing post-trade data, provided by FINBOURNE Technology, which was instrumental in the process of establishing the proposal.
Consolidated Tape
Consultation Paper CP23/33 – The FINBOURNE View
On 20th December 2023, the FCA published a Policy Statement for the framework for a UK consolidated tape (“CT” or “CTP”)
While the Policy Statement (“PS”) was expected, the further consultation was not and there were some aspects that we believe are worth highlighting.
Consolidated Tape
CEO Open Letter: Continuing on the CTP road…
As we approach the end of 2023, CEO and Co-founder, Thomas McHugh, reflects on FINBOURNE’s Consolidated Tape (‘CT’) journey so far, and our commitment to the ongoing development of this project.
Stay tuned
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