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Charles River and BondCliQ to Provide Corporate Bond Pricing in Charles River IMSCharles River Development, a State Street Company, and BondCliQ today announced a collaboration that will equip clients with corporate bond pricing. The deal will provide traders and portfolio managers with pre-trade institutional price quotes for U.S. corporate fixed income securities and post-trade TRACE data directly in the Charles River Investment Management Solution (Charles River IMS). BondCliQ's consolidated quote display generates centralized institutional pricing data for both buy-side clients and sell-side dealers. This facilitates a more efficient institutional secondary trading market where dealers can compete for buy-side client order flow by improving the accuracy and reliability of their quotes. Combined with Charles River's order and execution management capabilities, BondCliQ pricing and analytics will enable fixed income managers to better understand pre-trade liquidity for issues of interest and demonstrate best execution to regulators and institutional investors. Traders can view up-to-date bids and offers along with attribution and size details sourced and aggregated by BondCliQ from 27 major dealers. "Incorporating BondCliQ's innovative pricing solutions in the Charles River IMS provides our clients with an important new source of actionable pricing data and analytics, helping them adapt to rapidly changing fixed income markets and growing regulatory mandates," said John Plansky, CEO Charles River. "Expanding our relationships with leading data providers such as BondCliQ empowers traders and portfolio managers with real-time intelligence, and improves price discovery and liquidity access." "Our collaboration with Charles River provides institutional investment managers with the first objective, intitutional pricing source which is essential for accurately assessing the real-time value and liquidity characteristics of corporate bonds," said Chris White, CEO, BondCliQ. "The ability to access BondCliQ's pricing data directly from the Charles River platform streamlines the trade lifecycle for fixed income managers, from idea generation and pre-trade analytics through to trade execution and regulatory reporting."
About BondCliQ
About Charles River, a State Street Company
*As of April 2019
About State Street Corporation
* Assets under management include the assets of the SPDR® Gold ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $36 billion as of June 30, 2019), for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated. State Street Corporation One Lincoln Street, Boston, MA 02111-2900. © 2019 State Street Corporation - All Rights Reserved 2708299.1.1.AM. View source version on businesswire.com: https://www.businesswire.com/news/home/20190905005127/en/ |