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.

FINBOURNE and the Consolidated Tape

In February 2023, FINBOURNE was selected to become the technology infrastructure provider for the Bloomberg, MarketAxess and Tradeweb initiative to build a consolidated tape for fixed income in Europe.

Bloomberg logoMarket Axess logoTradeweb logo
Read the press release
CEO Open Letter

Read our CEO Open Letter

Following the announcement of FINBOURNE winning the tender to become the technology infrastructure provider for the European Fixed Income consolidated tape initiative, FINBOURNE CEO Thomas McHugh shares his thoughts on why we are best placed to take on this challenge.

Read more

The Road to the Consolidated Tape

Q3 2025

Q2-Q4 2024

Q2-Q3 2024

Q4 2023

Q3 2025

Operational bond CTPs

Featured Whitepapers

Consolidated Tape

CTP Whitepaper Series: #5 Data Quality

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.

Read more

Consolidated Tape

CTP Whitepaper Series: #4 The ABC’s of a CTP

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.

Read more

Consolidated Tape

CTP Whitepaper Series: #3 The coherence of underlying transaction data

CTP Whitepaper Series: #3 The coherence of underlying transaction data

In the third whitepaper of this series, we explore the coherence of underlying transaction data, an issue at the root of the data quality problem. 
This whitepaper is driven by FINBOURNE analysis, using publicly available, post-trade transaction data from a number of the largest trading venues and APAs.

Read more

Featured Blogs

Consolidated Tape

New EU sovereign bond trading data underlines need for careful post-trade deferrals calibration

New EU sovereign bond trading data underlines need for careful post-trade deferrals calibration

The Association for Financial Markets in Europe (AFME) and FINBOURNE Technology have today published the second in a series of new reports, which analyses EU sovereign and public bond trading data consolidated from numerous sources for the period of March to December 2021. This report follows an earlier April 2022 report which focused on the corporate bond trading landscape.

Read more

Consolidated Tape

Consolidated Tape: One size does not fit all

Consolidated Tape: One size does not fit all

In the first of this two-part blog, we explored the role of a fit-for-purpose CT, combined with an interoperable API framework and how these combine to deliver value. In this second part, we discover the different approaches firms will take, based on their existing technology and systems and why a holistic approach to CT data provides the best foundation to assess liquidity and reap market opportunities.

Read more

Consolidated Tape

Consolidated Tape: Unlocking the value of CT data to optimally assess liquidity

Consolidated Tape: Unlocking the value of CT data to optimally assess liquidity

In this two-part blog, we uncover the benefits of a fit-for-purpose CT, combined with an interoperable API framework and a holistic approach to organisational data; and why together, they are key to unlocking the value of transaction data in a consolidated tape, for firms and the market as a whole.

Read more

Stay tuned

Subscribe to our consolidated tape community and receive updates and news directly to your inbox.

Sign up

Talk to an expert

Not sure where to start? Get your questions answered fast.

Request demo