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IHS Markit and BondCliQ collaborate to deliver corporate bond pricing data in thinkFolio
03 September 2020
We have partnered with BondCliQ to embed US corporate
bond pricing content and interactive functionality within thinkFolio,
our leading multi-asset investment management platform. The
collaboration will provide click-to-view, consolidated, pre-trade,
institutional quote data from 34 dealers, and post-trade,
normalized, analytics-enriched TRACE data directly within
thinkFolio's modular screens.
BondCliQ's consolidated quote display generates centralized,
institutional pricing data for both buy-side institutions and
sell-side dealers. This facilitates a more efficient,
institutional, secondary trading market where dealers can compete
for buy-side order flow by improving the accuracy and reliability
of their quotes. When combined with thinkFolio's order and
execution management workflows and connectivity footprint,
BondCliQ's pre- and post-trade content will provide pre-trade
liquidity insight for securities of interest and aid in further
demonstrating best execution to regulators and institutional
clients.
"Given the fragmented and dynamic liquidity profile of fixed
income markets, we are focused on continually enhancing thinkFolio
to provide richer pre-trade insights and analytics to our users,"
said Brett Schechterman, Global Head of thinkFolio at IHS Markit.
"Our client base, regardless of domicile, continue to participate
heavily in the US investment grade and high yield marketplace.
Having direct, actionable, BondCliQ aggregated dealer quote
information and historical TRACE intelligence embedded within
thinkFolio screens will facilitate corporate bond price discovery,
streamline communication between portfolio managers and traders,
and offer deeper best execution insights."
"By collaborating with IHS Markit, BondCliQ dealers can
distribute their markets directly to the global thinkFolio client
network which instantly improves the link between market-maker
quotes and customer engagement," said Chris White, CEO, BondCliQ.
"This simple and efficient approach reduces disintermediation by
bringing the buy-side and the sell-side closer together."
thinkFolio from IHS Markit is a leading multi-asset investment
management platform that delivers sophisticated capabilities across
portfolio modelling, order management and trading, cash and FX
management, compliance and the investment book of record (IBOR).
The platform is delivered as a managed service, supporting
investment firms that want to reduce costs, maximize flexibility,
enhance scale and achieve time-to-market objectives.
BondCliQ is a market data solution for the US corporate bond
market. Our corporate bond market system uses a unique set of
protocols to centralize and organize institutional pre-trade quotes
to empower market makers to become more active liquidity providers
for buy-side clients. The BondCliQ team is uniquely qualified to
bring an innovative solution to the US corporate bond market
because of their invaluable experience in fixed income technology
and market development, including senior roles at Goldman Sachs,
Blackrock, NYSE, and MarketAxess.
IHS Markit provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.
