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UK bond tape process ‘fair,’ financial watchdog says in rejecting Ediphy claims

By Sofia Gerace ( November 24, 2025, 15:13 GMT | Insight) -- The process to select the UK's first bond consolidated tape provider was not flawed or hampered by technical faults, the financial regulator has insisted in a defense statement to the High Court in London. The Financial Conduct Authority said that it ran a “fair” and “equal” process in response to claims by unsuccessful applicant Ediphy that an e-auction platform used was faulty and not fit for purpose.The process to select the UK's first bond consolidated tape provider was not flawed or hampered by technical faults, the financial regulator has insisted in a court defense statement. The Financial Conduct Authority said that it ran a “fair” and “equal” process....

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