UK bond tape challenger seeks £10m funding for EU launch
FairCT, created by fintech firm Ediphy, is preparing to roll out a single stream of EU bond trading data after an unsuccessful bid for the UK equivalent
The group chosen to be the EU’s main source of bond trading data, whose lead firm is contesting the UK’s selection process, is looking to secure around £10m in funding, Financial News can reveal.
Representatives for fairCT, a consortium set up by British fintech Ediphy, have held talks with a number of banks about raising the money to support its delivery of the EU’s first consolidated tape for bonds, according to people familiar with the matter.