About Ediphy

# The infrastructure layer for fixed income. Ediphy builds the core infrastructure institutional fixed-income markets depend on: from multi-venue execution to fairCT, the first EU bond consolidated tape, which Ediphy sponsored. Ediphy Markets Ltd is authorised and regulated by the Financial Conduct Authority (FRN 823631). [Speak to the team](https://www.ediphy.io/contact/) [Meet the leadership](https://www.ediphy.io/leadership/) Mission ## Fixed income deserves infrastructure built for this decade. Institutional fixed income is still, in large part, held together by infrastructure built for a different era of the market: fragmented venues with inconsistent data, post-trade systems that operate independently of front office, and a regulatory reporting layer added incrementally rather than designed as part of the stack. Ediphy's thesis is that the next generation of infrastructure has to be built natively: one integrated stack from market data through execution, analytics, and regulated reporting, designed around how the market actually works in 2026 rather than how it worked in 2005. The approach is to build the infrastructure, run it in production, and offer the operating experience as the product, fixed income first, architected to extend across asset classes. REGULATOR > ESMA has selected Ediphy (fairCT) as the first Consolidated Tape Provider (CTP) for bonds in the EU. > > – ESMA press release · 3 July 2025 - 01Run it in productionWe operate the infrastructure we build, so the operating experience is the product. - 02Senior operators at the coreAn expanding team built around people who have shipped production infrastructure at scale. - 03One integrated stackMarket data through execution, analytics, and reporting on a single shared stack. - 04Built for audit by defaultInfrastructure built for audit, evidencing, governance, and audit baked in. - 05Clients keep their dataEdiphy retains its platform IP; clients retain rights to the data they generate and consume. - 06Focused, with room to extendFixed income first, institutional only, architected to extend to every asset class. - 01Run it in productionWe operate the infrastructure we build, so the operating experience is the product. - 02Senior operators at the coreAn expanding team built around people who have shipped production infrastructure at scale. - 03One integrated stackMarket data through execution, analytics, and reporting on a single shared stack. - 04Built for audit by defaultInfrastructure built for audit, evidencing, governance, and audit baked in. - 05Clients keep their dataEdiphy retains its platform IP; clients retain rights to the data they generate and consume. - 06Focused, with room to extendFixed income first, institutional only, architected to extend to every asset class. How we operate ## Six principles that shape the firm. Ediphy's decisions, what to build, who to hire, when to commercialise, flow from a small set of operating principles. They are deliberately narrow, and they hold across product surfaces. Every principle is observable in the platform: in how the team is shaped, how releases ship, how regulators are engaged, and how clients are served. Ediphy at a glance ## The firm, in four facts. Regulatory status, operating position, platform shape, and client base: four reference points that define the firm. REGULATORY STATUS ### MiFID investment firm Ediphy Markets Ltd is an authorised MiFID investment firm. Separately, fairCT, sponsored by Ediphy, is the first ESMA-selected bond consolidated tape provider under the MiFIR Review. MIFID · MIFIR · ESMA CTP OPERATING ### Production execution, selected tape The execution platform (fairEx) operates on production flow today, and Ediphy sponsored fairCT, the ESMA-selected EU bond consolidated tape. FAIREX · FAIRCT PLATFORM ### Five verticals Execution, Analytics, Data, Consult, and Enterprise. Each vertical is a product surface in its own right; all five share the same underlying data and operational infrastructure. EXECUTION · ANALYTICS · DATA · CONSULT · ENTERPRISE CLIENTS ### Institutional only Ediphy serves asset managers, banks, trading venues, and regulated data services. Fixed income first and institutional only, architected to extend across asset classes as the platform grows. BUY-SIDE · SELL-SIDE · VENUES MARKET CONTEXT €60tnSovereign notional traded, full year 2024ICMA SMPC · +13.8% YoY 11.3mnSovereign trades, 2024ICMA SMPC · +5.9% YoY 1stEU bond Consolidated Tape ProviderESMA selection · 3 July 2025 Scale of the European sovereign bond market in 2024, high volume, high velocity, and now a single regulator-selected reference layer for price discovery. The story ## Founded, built, selected, scaled. Four chapters of Ediphy's history, from the founding insight that produced the firm, through the core build, to the ESMA selection and the platform acceleration now underway. 01 · FOUNDED (2018) ### Built from the inside Ediphy was founded by market-infrastructure and execution specialists who saw the gaps first-hand. The founding thesis was precise: the core infrastructure institutional fixed income actually needs does not exist, and the people who understand the problem have to be the ones to build it. › 02 · BUILT (2019–2022) ### Core execution + data stack The first three years were spent building the core, multi-venue execution, the liveMid pricing stack, the post-trade consolidation layer. The platform was in live use across rates and credit before Ediphy went public with commercial positioning. › 03 · SELECTED (2025) ### ESMA CTP selection ESMA selected Ediphy sponsored fairCT as the first EU bond consolidated tape provider under the MiFIR Review. A turning-point selection: regulator-validated positioning as the authoritative record of European bond trading, and a commercial anchor for the broader platform. › 04 · SCALE (2025+) ### Platform acceleration The current chapter: taking the operating platform that powered the fairCT selection and fairEx client flow to market across all five verticals. New product surfaces (Analytics, Enterprise, Consult) built on the same stack, a broader commercial motion, and an expanding team across all functions. Related ## More about the firm. The rest of the company-facing surface, leadership, careers, news, and the contact routes. [COMPANY **Leadership** \\ The founding team and senior hires. Operators with deep experience across trading, technology, and market infrastructure, built from the ground up.\\ \\ TEAM · GOVERNANCE](https://www.ediphy.io/leadership/) [COMPANY **Careers** \\ Hiring across engineering, quant, regulatory, and commercial as the firm scales. Deep stack, senior bench, London base.\\ \\ HIRING · LONDON](https://www.ediphy.io/careers/) [COMPANY **News** \\ Press announcements, ESMA-selection coverage, and platform milestones.\\ \\ PRESS · ANNOUNCEMENTS](https://www.ediphy.io/news/) [COMPANY **Contact** \\ Commercial, regulatory, partnership, press, routed to the right senior lead.\\ \\ INFO · PRESS · LEGAL](https://www.ediphy.io/contact/) Speak to Sales ## Talk to the Ediphy team Tell us a little about you and we'll be in touch to arrange a conversation. Name Company Work email Comment (optional) Speak to Sales We'll only use your details to follow up about your enquiry. See our [privacy policy](https://www.ediphy.io/legal/privacy/). No marketing lists. ## Thank you. Your message has reached the Ediphy team. We'll be in touch shortly. Close