FCA consults on equity consolidated tape while fighting legal challenge on bond tape

The FCA is proceeding with plans to launch a UK equity consolidated tape in July 2027 despite a legal challenge to its parallel bond tape which, lawyers estimate, could delay that service for a similar time period.

By Neasa MacErlean

The tapes are designed to collate trading volumes and prices across the United Kingdom, giving a complete national picture - one which would stand up better in comparison with foreign venues.