BondCliQ – a provider of consolidated corporate bond quotes – announced it has secured a lead investment from FactSet Research Systems.
The funding will advance BondCliQ’s Data-as-a-Service (DaaS) offering, which aims to improve fixed income data through a licensed quote consolidation platform.
BondCliQ’s proprietary data will be integrated into FactSet’s products, including the FactSet Workstation, Portware Enterprise Trading Solution, and LiquidityBook OMS. This integration will provide users with enhanced accuracy and real-time intra-day pricing for corporate bonds.
KEY QUOTES:
“BondCliQ has secured licensing from fixed income dealers to produce an aggregated pricing feed that articulates both the value of a bond and the available liquidity in real-time. The full integration between FactSet and BondCliQ over the coming months will enable FactSet to continue to win market share while being responsive to client demand. Incorporating BondCliQ’s fixed income pricing data into our platforms will facilitate the efficient development of key market analytics for both front and back office professionals.”
John Costigan, Chief Data Officer at FactSet
“When I started BondCliQ, the goal was to produce a solution that could improve market transparency while/ empowering the broker-dealers that generate pricing information. This investment partnership with FactSet acknowledges the importance of licensed fixed income data and supports our ability to build and maintain the most accurate and reliable pricing information in the market.”
Chris White, Founder and CEO, BondCliQ
