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  • Hacker News
  • Potentially, the raising interest rates because investors don’t trust the long term stability of the UK economic system (more spending on pro-war activities, sluggish economic growth, and higher than expected government borrowing) will crash their financial system.

    I hope I don’t sound too selfish but I am a USA citizen, and I would rather worry about my own country’s medium-term financial future.

    by mark_l_watson
  • >I hope I don’t sound too selfish but I am a USA citizen

    The rest of the world is getting tired of worrying about the US's economical situation, whether it the dotcom bubble, the sub-primes, or now the potential AI bubble.

    So apologies for being blunt here, but yes it does sound selfish to me

    by alex_duf
  • Let's play a game

    > Potentially, the raising interest rates because investors don’t trust the long term stability of the [Guess the country] economic system (more spending on pro-war activities, sluggish economic growth, and higher than expected government borrowing) will crash their financial system.

    by cryptonym
  • If I was American I’d be worried about the US as well.

    You elected a circus.

    by noir_lord
  • The UK's financial system made it out battered but bruised in the 70s which were a magnitude worse than what we have right now (double digit unemployment, inflation double digit, interest rates at like 15%, an IMF bailout...). Any talk of the British financial system collapsing is as realistic as the S&P500 dropping 50% in the near future: sure it can happen but the chances are so statistically small you have a better chance of winning the lottery.
    by jalev
  • Whether the data will actually be affordable and usable enough for smaller participants or whether it mainly improves tooling for institutions that already had decent access
    by Pawenniag
  • I spent the entire day yesterday trying to set up some automated monitoring of my investments, only to discover most UK market information is locked behind stupid-money APIs.

    Anything that improves that situation is a positive.

    by monooso
  • If it's just for personal use see if your bank/broker has an API for market information. Most do even if it's not advertised.

    Also some resellers of market information are pretty affordable for personal use.

    by dismalaf
  • That's normal in markets and it even makes sense.

    Think about it: shouldn't the market be funded by charging fees to the extremely wealthy participants? The alternative is that it's taxpayer funded, which is a tax subsidy to extremely wealthy participants.

    by inigyou
  • Will this help us see how badly Burnham bungs bonds in real time? I jest I jest
    by gib444
  • yea for sure :)

    Signup link here

    -> https://ets-connect.co.uk/users/prod-onboarding/

    Commercials here:

    -> https://ets-connect.co.uk/annual-fees-2026-2027/

    by monkeydust
  • Burnham being PM is already pretty well priced in. When he walked back comments a few weeks ago they corrected and my sense is that the market understands that unless there until actual laws or budgets are promulgated, what is said by Burnham isn't really market moving.
    by AdamN
  • I love that it's a 'tape' - I assume in reference to the early telegraph tapes/tickers: https://collection.sciencemuseumgroup.org.uk/objects/co33749...
    by trebligdivad
  • standard terminology remains standard
    by gjvc
  • Amusingly for the security information processors in the US (which handle US Equity consolidated quote and trade data) the trade feed is still referred to as the tape (one of the two governing bodies is called the Consolidated Tape Association). Securities are still associated by which ‘tape’ their trades print on (really which one of the two SIPs the trades will be found on).
    by HolyLampshade
  • Disappointing that it seems difficult to actually sign up for – "real-time view" hidden behind layers of legalese and licensing, although it's pleasing to see the fees are effectively nothing for individuals or small firms. They're not exactly in the SaaS-era of live demos or trivial sign-ups for immediate access, are they?

    Why do we insist on actually useful interfaces into the economy and banking system being hidden behind such bureaucratic complexity? It's like the Open Banking gift that keeps on giving – if it were truly "Open", I'd have an API I could actually use to talk to all of my banks, rather than what feels like a closed shop (certainly for the average retail individual who just wants a feed from their bank).

    by greengreengrass
  • This is the frustrating pattern with a lot of "open" financial infrastructure
    by Pawenniag
  • There’s also a lot of bureaucracy involved in participating in the gilt market directly, rather than using an intermediary.

    https://www.dmo.gov.uk/investor-information/retail-investors...

    I don’t think the Treasury really wants to deal with amateurs.

    by cjs_ac
  • https://ets-connect.co.uk/ < Slightly more information here.
    by stephenheron