Question to the HM Treasury:

To ask His Majesty's Government what steps they are taking to ensure fair access in the fintech sector following the selection of a provider, Etrading Software, for the UK's first consolidated bond trading tape.

The Financial Conduct Authority’s (FCA) consolidated tape tender process focused on the capabilities that a consolidated tape provider (CTP) would have to meet while remaining neutral about how providers would meet these standards.

The CTP is obliged to provide market data on a non-discriminatory basis and is required to offer individual and enterprise licenses for real-time and historical consolidated tape data to ensure that the widest possible set of potential users will be able to access consolidated tape data. This ensures fair access to market participants, including fintechs.

Further details can be found on the FCA website: https://www.fca.org.uk/markets/data-reporting-services-providers/bond-consolidated-tape