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BondCliQ Secures Lead Investment from FactSet

BondCliQ and FactSet also announce corporate bond integration that will further enhance wealth and data insights available via FactSet

BondCliQ Inc. announces today that FactSet Research Systems Inc. (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, has made a lead investment in its current funding round. The funding from this round will be used to advance BondCliQ’s DaaS offering, which improves fixed income data by implementing a licensed quote consolidation platform.

Simultaneously, BondCliQ and FactSet negotiated terms to integrate BondCliQ’s proprietary data into FactSet’s products to improve accuracy and availability of intra-day pricing for corporate bonds. Following integration, users of the FactSet Workstation, FactSet’s Portware Enterprise Trading Solution, and FactSet’s LiquidityBook OMS can gain insight from real-time BondCliQ data, featured alongside existing fixed income data from across the dealer ecosystem.

“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,” said John Costigan, Chief Data Officer at FactSet. “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.”

Founded in 2016 by a former Goldman Sachs executive, BondCliQ has developed the first and only consolidated quotation system for US corporate bonds. Through the BondCliQ platform, objective, detailed price transparency is available for the securities that generate >95% of average daily volume. Current customers include leading global investment banks, tier-1 buy-side institutions, and global technology companies.

“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,” said Chris White, Founder and CEO, BondCliQ. “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.”

About BondCliQ

BondCliQ Inc. is the creator and operator of the first central market system for the corporate bond market, organizing licensed institutional pre-trade quotes to allow market makers to become more active liquidity providers for buy-side clients. For more information: www.BondCliQ.com.

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