BondCliQ Inc. is a NYC-based creator of and operator of a consolidated quote system for corporate bonds. It held the first close of its Series 1 funding.
London Stock Exchange Group (LSEG), as well as key financial technology and buy-side participants Aflac Ventures, and SEI led the round. Vanguard, an investment management firm, has joined BondCliQ as a strategic partner to help support the improvements in corporate bond market structure. In addition to the investment, LSEG has signed heads of terms with BondCliQ to collaborate on new product possibilities, including making proprietary data accessible through LSEG to improve pre-trade pricing for corporate bond.
The investment funds will be used to fund general corporate purposes, further building out the team, and to expand the company’s reach into new corporate bond markets such as Europe.
BondCliQ’s CEO Chris White is leading the operation of a consolidated quotation system for corporate bonds. It organizes institutional pre-trade quotes in order to enable market makers to be more active liquidity providers to buy-side clients.