Summary
From 22 June, LSEG will onboard and distribute the UK Bond Consolidated Tape across Workspace and our Data & Feeds products.
The tape will give clients access to a consolidated view of UK bond post-trade activity, including traded prices and notional amounts (volume). This matters because UK bond transparency data is currently published across multiple venues and APAs, creating fragmentation for firms that need a clear view of market activity.
Why it matters: Improved transparency and market visibility
The timing is important. The UK’s recalibrated bond transparency regime, introduced on 1 December 2025, has materially improved the usefulness of the underlying data. Visibility for UK corporate bonds increased from effectively zero to around 50% in December, with 85% of EUR notional credit volume visible within one trading day. Sovereign bond real-time publication increased more than fivefold in December, reaching 16%.
Consolidation is the next step. A single tape can reduce fragmentation, improve access to market activity, and support better price discovery, liquidity analysis, best execution monitoring and valuation.
By making the UK Bond Tape freely available to all LSEG Workspace users; and additionally, across our Data & Feeds products, LSEG will help clients consume this data through the channels that already support their trading, analytics, compliance, and enterprise data workflows.
For existing customers, check DN Details | MyAccount for more information.
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