After slow start, the ‘Big 3’ fixed-income consortium taps Finbourne as partner for CT bid
The Bloomberg, Tradeweb and MarketAxess consortium switched out its advisory firms at the end of last year to jumpstart its bid for the tape.
A consortium led by the top three fixed-income venues by trade volume—Bloomberg, MarketAxess, and Tradeweb—has selected Finbourne as its technology partner in its bid for the EU consolidated tape (CT) for bonds, a process that sources say was met with setbacks and delays.
The provider of investment management data services won out against competing vendors Ediphy and Opensee in a request-for-proposal (RFP), but three sources familiar with the build out tell WatersTechnology that the selection
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