Bloomberg, MarketAxess, Tradeweb probe three tech partners for consolidated tape bid
Venue-led consortium plans to pick a winner before EU regulators begin tender process – anticipated in third or fourth quarter of 2023.
A consortium led by the top three fixed income venues by trade volume—Bloomberg, MarketAxess, and Tradeweb—is deciding between three tech providers to partner with in its bid to win the contract for the bond market’s consolidated tape. The vendors are Ediphy, Finbourne, and Opensee, according to six sources familiar with the request-for-proposal process.
“Those were the three from the get-go,” says a senior executive at a data platform provider. “They’re all familiar with the fixed income world
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