LSEG Invests in BondCliQ to Expand Fixed Income Data
Summary
London Stock Exchange Group and buy-side institutions have led fundraising in BondCliQ, which provides a consolidated quote system in the opaque and fragmented market for corporate bonds. “Dealers constantly need to turn over their inventory, but without a without a deeper understanding of how to improve their chances of getting order flow that becomes very difficult.” BondCliQ was founded on the premise that a key piece of architecture required for the modernization of any market is a centralised pricing solution. So we’re quite proud of the uniqueness of this deal.” BondCliQ aims to provide pricing data for credit securities globally and LSEG and Refinitiv have established relationships and sales teams in continental Europe and Asia. “Our strategy is to establish a beachhead using US corporate bonds and then expand.” LSEG has extensive relationships with the sellside, buyside and electronically through its desktop variants and API network according to George. “We are very interested in solving client problems as a solutions delivery infrastructure player.” George described the drive towards electronic trading in fixed income as becoming “turbocharged” since Covid 19.