IHS Markit has partnered with BondCliQ to embed US corporate bond pricing content and interactive functionality within thinkFolio, its multi-asset investment management platform. The collaboration is intended to provide click-to-view, consolidated, pre-trade, institutional quote data from 34 dealers, and post-trade, normalised, TRACE data directly within thinkFolio's modular screens.
BondCliQ's consolidated quote display generates centralised, institutional pricing data for both buy-side institutions and sell-side dealers. This facilitates a more efficient, institutional, secondary trading market where dealers can compete for buy-side order flow by improving the accuracy and reliability of their quotes.
Combined with thinkFolio's order and execution management workflows and connectivity footprint, BondCliQ's pre- and post-trade content should provide pre-trade liquidity support for securities of interest and aid in further demonstrating best execution to regulators and institutional clients.
"Given the fragmented and dynamic liquidity profile of fixed income markets, we are focused on continually enhancing thinkFolio to provide richer pre-trade insights and analytics to our users," said Brett Schechterman, global head of thinkFolio at IHS Markit. "Our client base, regardless of domicile, continue to participate heavily in the US investment grade and high yield marketplace. Having direct, actionable, BondCliQ aggregated dealer quote information and historical TRACE intelligence embedded within thinkFolio screens will facilitate corporate bond price discovery, streamline communication between portfolio managers and traders, and offer deeper best execution insights."
"By collaborating with IHS Markit, BondCliQ dealers can distribute their markets directly to the global thinkFolio client network which instantly improves the link between market-maker quotes and customer engagement," said Chris White, CEO, BondCliQ. "This simple and efficient approach reduces disintermediation by bringing the buy-side and the sell-side closer together."
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