ET S Connect UK now supplies a single, real‑time feed of UK bond prices and trade data, ending a long‑standing split across venues. The service, launched after December 2025 transparency reforms, aggregates every in‑scope bond trade. For the first time, market participants see a unified view that was previously piecemeal for traders and investors daily decisions at a single screen.

Before the tape, corporate bond real‑time reporting climbed from under 5% to over 75%, while government bonds jumped from 30% to about 80%. Smaller segments saw increases over fifty‑fold. The new platform covers 98% of eligible trading, giving investors a near‑complete snapshot that supports tighter pricing and better execution analysis for both institutional retail traders and portfolio managers daily operations.

The FCA supervises the five‑year contract, enforcing strict data‑quality standards. Industry voices from UK Finance, ICMA and the Investment Association praise the tape as a boost to liquidity and analytical depth. With UK becoming the first non‑North‑American market to host a consolidated bond tape, the move cements its status as a global fixed‑income hub for traders worldwide and enhancing market transparency everywhere.