Fixed income ‘big 3’ tap Finbourne for EU consolidated tape bid
Bloomberg, Tradeweb and MarketAxess select tech partner to jumpstart cash bond tape ambitions
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 sources say was met with setbacks and delays.
The investment management provider won out against competing vendors Ediphy and Opensee in a request-for-proposal (RFP), but three sources familiar with the buildout say the selection process faced delays at the tail end of
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