Connect

Ediphy Connect: Data

Consolidated tape data.
Utility pricing.

Ediphy Connect is a normalised tape service priced at utility economics. Bonds (US, UK, EU) now. Equities and derivatives (UK and EU) as those tapes become available. Validated, consolidated post-trade data at a fixed, transparent price.

Premium infrastructure.
Broad coverage. Consistent cleaning.
Utility pricing.
One feed. Every tape. Bonds (US TRACE, UKCT, EU Bond CT) now. Equities & derivatives to follow.
Get in touch

Architecture

Many tapes in. One normalised feed out.

Ediphy Connect Basic

Normalisation pipeline

TRACE

UK Bond CT

EU Bond CT

Equities

Derivatives

>_ FIX

{} JSON / WS

▢ GUI

🌐 REST

⇩ CSV Download

Pricing

The utility model

Legacy model

Legacy tape offerings

  • ✕ High annual licence fees
  • ✕ Standard cleansing features
  • ✕ High daily rates
  • ✕ Extra fees for basic support
The utility model

Ediphy Connect Basic

  • ✓ £2,500/yr, CPI uplift only.
  • ✓ Feature parity, for US TRACE and UKCT as of June 2026. EU Bond CT patching to follow as specifications emerge.
  • ✓ Includes all support and functionality upgrades
  • ✓ Support included at no additional charge
Capabilities

Validated data. Structured analytics. Decision-ready.

Cleansed

Duplicate trades are highlighted, missing prices filled, and inconsistencies resolved to a consistent standard. Every data point delivered through the feed has passed structured quality checks.

Enriched

Each trade record is enhanced with issuer details, tickers, sectors, and bond type, alongside advanced quality checks that identify poor reporting at source.

Validated

Outlier detection combines binary tests with advanced statistical analysis, supporting accurate price formation and flagging anomalies before they reach downstream workflows.

Consolidated

A single integration covers every tape. Bonds (US TRACE, UKCT) supported; EU Bond CT forthcoming. Equities and derivatives (UK and EU tapes) to follow as those tapes become available, on the same schema with no rework required.

Patching the Gaps

Where raw tapes fall short, Ediphy Connect patches the gap.

UKCT PATCHED

  • Adds standardised quality context consistent across tapes
  • Provides out-of-hours support completely free of charge

US TRACE PATCHED

  • Reconciles capped and uncapped reporting into a consistent record
  • Adds standardised quality context consistent across tapes

EU Bond CT UNDER EVALUATION

Under evaluation

Technical superiority

Built in. Not bolted on.

Trades in · 0 Duplicates dropped · 0 Clean records · 0
ESMA CT Other CTs #A7F3 #A7F3 EDIPHY DEDUPE #A7F3 ONE RECORD #A7F3 #A7F3 #B12C

Signal from noise

Where a trade is submitted to multiple tapes (e.g. UKCT and EU Bond CT), Ediphy Connect Basic dedupes the multiple streams to provide a decision-ready service.

ESMA CT
Timeliness: 98
Other CTs
Flag: "Bad"
Ediphy stat model injection

Outlier detection

We uplift tape data to a consistent quality standard, every trade carries standardised quality context regardless of source.

Unified feed
Risk
Algo
Compliance

No artificial limits

One data set, multiple applications.

* Subject to underlying tape operator redistribution restrictions.

£2,500

Single source of truth

Basic utility services should cost a utility-scale amount (£2,500/yr), given the minimal value provided by raw aggregation alone.

Request access.

Ediphy Connect Basic. Fixed pricing. No hidden fees. Get in touch to arrange access.

Get in touch

The price-lock guarantee.

Ediphy Connect Basic provides the permanent floor, baseline functionality held at utility pricing, fixed for 25 years subject to CPI uplift.

Start your integration.

Join the firms already accessing consolidated fixed income data through a single managed integration.

Request Access

Ediphy Connect: Pro

Every data feed.
Institutional-grade analytics.

Ediphy Connect Basic provides the clean tape data. Ediphy Connect Pro is the analytics, distribution and execution layer that runs on top, over consolidated tapes, axes, inventory, and your own proprietary feeds. Access an ecosystem of value-add applications, from deterministic replay to strategy execution.

Get early access Join the waitlist; Q4 2026.
Pro connectors Raw market data intake The R&D engine Normalisation & upgrades Algo-execution Value-add applications Microsecond replay Historical flow analysis
Self-serve

Host your data.

Broadcast your own data via our infrastructure. Subscribe to any feed instantly, with no separate commercial negotiation required. Any credentialed subscriber can access the feeds you publish.

Add data columns

Enrich the global tape with your own metadata. Append internal liquidity scores, credit ratings, or desk notes.

Publish new rows

Push your own distinct axes, inventory, or trades into the ecosystem as a standalone feed.

Adjust & score

Apply real-time adjustments to third-party feeds. Recalculate yields or apply spreads dynamically.

Developer

Built for quants.

Integrate via WebSocket, REST, or direct Cross-Connect. Our libraries in Python, C++, and Rust are designed for high-throughput ingestion.

Deterministic replay

Replay any trading day tick-by-tick to backtest execution strategies.

Snapshot + delta

Receive an initial snapshot followed by lightweight delta updates.

get_bond_yields.py 
from ediphy import BondClient

# Authenticate with Institutional Key
client = BondClient(api_key="sk_live_...")

# Stream consolidated TRACE data
def on_tick(tick):
    if tick.liquidity_score > 80:
        print(f"[{tick.venue}] {tick.isin}: {tick.yield_pct}%")

client.subscribe(
    asset_class="US_CORP_BOND",
    min_size=1000000, # >1MM Block trades
    callback=on_tick
)
Modules

Module library

∿
Liquidity scoring

Real-time probability matching. Score every tick on the tape against your internal axes.

↺
Deterministic replay

Replay any trading day tick-by-tick against the consolidated tape, for structured backtesting of execution strategies.

⬡
Strategy execution

Direct execution logic containers deployed next to the data feed infrastructure.

⊕
bondProfile

ISIN-level enrichment — issuer, rating, sector, duration, coupon — delivered against your bond universe. Slice and navigate by attribute; surface similar and alternative instruments without leaving the tape.

∑
fairYield

Yields and z-spreads calculated against swap curves across your full bond universe. Price your book against an independently derived reference rather than vendor marks.

+
More coming soon.
Agentic

An agent that watches the tape for you.

Alongside the modules above, Ediphy Connect Pro can run an agent over your consolidated feed that surfaces what matters to you, anomalies in the prints, trades relevant to your positions and watchlists, and gaps in coverage worth a closer look.

The agent surfaces and proposes; it does not act on your behalf without confirmation. You stay in control of every decision.

Anomalies, prints that fall outside expected ranges, flagged for review.

Relevant trades, activity in instruments tied to your positions and watchlists.

Coverage gaps, instruments and segments where the data thins out.

Surfaces and proposes, confirmation-gated. You decide.

Early Access

Join the Ediphy Connect Pro ecosystem.

Early access is limited. Reach out to discuss your integration requirements and reserve your position.

Get early access