Funds Secured by BondCliQ from FactSet for Business Expansion

In a significant move to enhance its offerings, FactSet Research Systems has announced a strategic investment in BondCliQ, a provider of consolidated corporate bond quotes. This investment will facilitate the integration of BondCliQ's proprietary data into FactSet's platforms, including FactSet Workstation, Portware Enterprise Trading Solution, and LiquidityBook OMS.

BondCliQ's solution aims to improve market transparency and empower broker-dealers that generate pricing information. The company's Data-as-a-Service (DaaS) offering will be advanced by this investment, with a focus on improving fixed income data through a licensed quote consolidation platform.

The integration between FactSet and BondCliQ is expected to occur over the coming months. John Costigan, Chief Data Officer at FactSet, acknowledges the importance of licensed fixed income data in today's market. He believes that this partnership will enable FactSet to continue winning market share while being responsive to client demand.

Chris White, Founder and CEO of BondCliQ, states that the investment partnership with FactSet supports their ability to build and maintain accurate and reliable pricing information in the market. He also emphasises that BondCliQ's solution will provide real-time, intra-day pricing for corporate bonds, which is crucial for front and back office professionals.

The integration will provide users with enhanced accuracy and facilitate the development of key market analytics. Incorporating BondCliQ's fixed income pricing data into FactSet's platforms is expected to be beneficial for both companies, as it will facilitate the efficient development of key market analytics for both front and back office professionals.

It is worth noting that no further details about the amount or terms of the investment were disclosed. The company funded by BondCliQ as the lead investor is not publicly specified. However, the investment is expected to significantly bolster BondCliQ's capabilities and further solidify its position in the fixed income market.

BondCliQ's DaaS aims to improve fixed income data by providing users with real-time, intra-day pricing for corporate bonds. This will be a significant step towards increasing market transparency and improving the accuracy of fixed income analytics.

In conclusion, the integration between FactSet and BondCliQ is a strategic move that will benefit both companies. It is expected to enhance FactSet's offerings, improve market transparency, and empower professionals with accurate and timely fixed income analytics.