The U.S. corporate bond market moves like a heavyweight fight, slow, deliberate, and brutal if you’re stuck in the dark. Until BondCliQ walked in and flicked on the lights.
Since 2016, this team hasn’t just been building software. They’ve been architecting the first consolidated central market system for U.S. corporate bonds. Real-time pretrade and posttrade data. No smoke, no mirrors. Just clarity in a market that’s operated more like a whisper network than a modern exchange. Think of it like putting a spotlight on $8 trillion of fixed-income action, finally showing institutional players what’s really happening under the hood.
At the center of it all: Chris White, Founder & CEO. He’s no tourist in this space. Former Goldman Sachs fixed-income tech lead turned market reformer, Chris White didn’t just spot the inefficiencies, he built BondTIQ and BTIQ to clean them up. And now, with a new funding boost led by FactSet Research Systems Inc. (NYSE: FDS), BondCliQ isn’t just gathering momentum, they’re tightening their grip on a data layer Wall Street didn’t know it needed, but now can’t live without.
The investment amount? Not disclosed. But if you know FactSet Research Systems Inc., you know they don’t swing at anything less than top shelf. This is a strategic placement, not a vanity bet. With BondCliQ already serving top-tier buy-side firms and 40+ dealers contributing 70,000+ quotes daily, the product is real, the market’s hungry, and the pipes are flowing. And with deep integrations into FactSet Research Systems Inc.’s Workstation, Portware EMS, and LiquidityBook OMS, this isn’t a pilot, it’s a rollout.
Shoutout to Brad Franklin (CTO) and Renaud Pelletier (CFO/COO), along with a leadership crew that includes Laks Narayan, Cheryl Bozich, Paul Faust, and Peter Vogel. This isn’t a startup fluff piece, it’s an execution story. SOC2 Type II compliance? Check. MiFID II alignment for the EU consolidated tape? Already underway. Partnerships with Vanguard, LSEG, and distribution through Refinitiv and MTS Markets? That’s chess, not checkers.
Here’s the business takeaway: you don’t need a gimmick when you’ve got licensing, infrastructure, and product market fit in one of the most opaque sectors in finance. BondCliQ isn’t just aggregating quotes, they’re consolidating influence. In a world where every basis point matters, that’s not data, it’s ammunition.
