About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Bloomberg, MarketAxess, and Tradeweb Abandon Joint Fixed Income Consolidated Tape Venture

Subscribe to our newsletter

In a statement released on Friday, Bloomberg, MarketAxess, and Tradeweb jointly announced their decision to halt their plans around the establishment of a fixed income consolidate tape (CTP) in the EU and UK.

Earlier this year, in a strategic move designed to improve the fixed income ecosystem, the three companies signed a joint venture agreement to form an independent company to participate in the CTP public procurement procedure, selecting FINBOURNE Technology as their technology infrastructure partner. However, the evolving business landscape and the unforeseen intricacies in the joint venture’s execution have led the three to mutually disengage.

“Various developments in recent months have added further clarity to the risk and complexity of delivering this project under a joint venture from our three firms,” Bloomberg, MarketAxess, and Tradeweb announced in a joint statement. “For example, uncertain outcomes around product definitions and structural complexities would significantly increase the timeline and costs associated with this approach. As such, after careful consideration, we have jointly agreed to end our engagement in this venture.”

Despite the setback, the three companies have expressed their individual commitment to collaborating with regulatory bodies and industry stakeholders, to advance what they say is an important initiative.

The trio’s disengagement means that the market is now open for other participants wishing to explore opportunities to bid for the role of CTP in the EU and UK.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Enhancing trader efficiency with interoperability – Innovative solutions for automated and streamlined trader desktop and workflows

17 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Traders today are expected to navigate increasingly complex markets using workflows that often lag behind the pace of change. Disconnected systems, manual processes, and fragmented user experiences create hidden inefficiencies that directly impact performance and risk management. Firms that can streamline...

BLOG

Broadridge and BMLL Partner to Embed Pre-Trade Analytics into Trading Workflows

Broadridge Financial Solutions has formed a strategic partnership with Level 3 historical market data and analytics provider BMLL Technologies, in a move that will embed sophisticated pre-trade analytics directly into Broadridge’s global sell-side Order Management System (OMS) and its Xilix Execution Management System (EMS) for buy-side firms in Japan. The collaboration aims to provide traders...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...