BondCliQ closes initial Series A funding

By Edlyn Cardoza

BondCliQ Inc., creator and operator of the first consolidated quote system for the corporate bond market, recently announced the successful initial close of its Series A funding, led by London Stock Exchange Group (LSEG) and key buy-side and financial technology participants Aflac Ventures and SEI.

Additionally, investment management firm Vanguard has engaged as a strategic partner with BondCliQ to support these improvements to the corporate bond market structure.

BondCliQ CEO Chris White said, “We are excited to partner with a global, visionary leader like LSEG, which understands the value of pricing data and the importance of a consolidated quote architecture for the trading of corporate bonds. As BondCliQ continues to develop and operate this important structure for the corporate bond industry, we look forward to working with LSEG in the U.S., Europe and beyond.”

“We thank these participating buy-side and financial technology institutions for their commitment to BondCliQ and know these important relationships will play a critical role in creating a healthier corporate bond market that better serves the end investor,” he said. “We also continue to speak with other potential investors interested in participating in the transformation of the corporate bond market.”     

“LSEG is delighted to invest in BondCliQ,” said Andrea Remyn Stone, Group Head, Data & Analytics, LSEG. “As a longtime supporter of visibility and transparency, we believe BondCliQ’s consolidated quote system is a major structural improvement that will lead to better outcomes for all investors.”  

Funds from the investment will be used for general corporate purposes, build out the firm’s team further, and help the company expand into additional corporate bond markets, such as Europe.

Alongside the investment, LSEG and BondCliQ have signed heads of terms to collaborate on new product opportunities, including making BondCliQ proprietary data available through LSEG to improve pre-trade pricing for corporate bonds.