Bloomberg, a financial, software, data, and media company, MarketAxess, an international financial technology company, and Tradeweb, an international financial services company, agreed to form a joint venture, to establish an independent company for the purpose of participating in the public procurement procedure to become the fixed income consolidated tape provider in the European Union. Financial terms were not disclosed. “The time has come to provide the European fixed income markets with a consolidated tape that is led by an initiative with deep experience in low-latency data processing, cleansing, consolidation and publishing within a regulated framework. Our motivation is to improve transparency and spur electronification in the fixed income space. Our end goal is a cost-effective CT that treats both data contributors and consumers fairly, while enabling open and impartial access to meaningful and helpful data using existing infrastructure,” Neil Ryan, Project Lead.