FactSet Invests in BondCliQ to Enhance Corporate Bond Pricing Accuracy

BondCliQ Inc. has secured a lead investment from FactSet Research Systems Inc. to advance its Data as a Service offering, improving fixed income data through a licensed quote consolidation platform. The partnership aims to enhance corporate bond pricing accuracy and empower broker-dealers with real-time data, improving market transparency. BondCliQ's proprietary data will be integrated into FactSet's products, benefiting users of FactSet's Workstation, Portware Enterprise Trading Solution, and LiquidityBook OMS.

New York, NY — July 2, 2025 — BondCliQ Inc. has announced that FactSet Research Systems Inc. (NYSE: FDS | NASDAQ: FDS) has made a lead investment in its current funding round. The investment will be used to advance BondCliQ’s Data as a Service (DaaS) offering, which improves fixed income data by implementing a licensed quote consolidation platform [1].

The partnership between BondCliQ and FactSet also involves integrating BondCliQ’s proprietary data into FactSet’s products. This integration aims to enhance the accuracy and availability of intra-day pricing for corporate bonds. Users of FactSet’s Workstation, Portware Enterprise Trading Solution, and LiquidityBook OMS will benefit from real-time BondCliQ data, featured alongside existing fixed income data from across the dealer ecosystem [2].

John Costigan, Chief Data Officer at FactSet, commented on the integration, stating, “BondCliQ has secured licensing from fixed income dealers to produce an aggregated pricing feed that articulates both the value of a bond and the available liquidity in real-time. The full integration between FactSet and BondCliQ over the coming months will enable FactSet to continue to win market share while being responsive to client demand. Incorporating BondCliQ’s fixed income pricing data into our platforms will facilitate the efficient development of key market analytics for both front and back office professionals” [2].

Founded in 2016 by a former Goldman Sachs executive, BondCliQ has developed the first and only consolidated quotation system for US corporate bonds. Through its platform, objective, detailed price transparency is available for the securities that generate 95% of average daily volume. Current customers include leading global investment banks, tier-1 buy-side institutions, and global technology companies [1, 2].

Chris White, Founder and CEO of BondCliQ, emphasized the importance of the partnership, stating, “When I started BondCliQ, the goal was to produce a solution that could improve market transparency while empowering the broker-dealers that generate pricing information. This investment partnership with FactSet acknowledges the importance of licensed fixed income data and supports our ability to build and maintain the most accurate and reliable pricing information in the market” [2].

References:
[1] https://www.businesswire.com/news/home/20250714870953/en/BondCliQ-Secures-Lead-Investment-from-FactSet
[2] https://www.01net.it/bondcliq-secures-lead-investment-from-factset/