BondCliq is a financial technology company that operates the first centralized quote system for the U.S. corporate bond market. By aggregating pre-trade and post-trade data from numerous dealers, the firm provides enhanced transparency, improved price discovery, and greater liquidity for institutional market participants. Its primary goal is to modernize the secondary trading market for corporate bonds through its Data as a Service (DaaS) model.
BondCliq's core offering is a centralized market system that aggregates actionable pre-trade institutional quotes and post-trade TRACE data for the corporate bond market. This system is delivered to clients through various interfaces, including browser-based applications, API feeds, and static data files, providing a comprehensive view of market activity.
The system solves the critical problem of market fragmentation and opacity in the corporate bond market by creating a single, reliable source for pricing information, which enables better price discovery, portfolio management, and best execution analysis.
Customers face challenges with decentralized and opaque pricing, making accurate price discovery difficult, portfolio valuation complex, and demonstrating best execution a significant compliance burden. BondCliq's platform directly addresses these issues by providing a centralized, transparent data source.