Charles River and BondCliQ to Provide Corporate Bond Pricing in Charles River IMS
September 05 2019 - 7:00AM
Business Wire
Charles 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, institutional 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 BondCliQ is a market data solution for the
US corporate bond market. Our corporate bond market system uses a
unique set of protocols to centralize and organize institutional
pre-trade quotes to empower market makers to become more active
liquidity providers for buy-side clients. The BondCliQ team is
uniquely qualified to bring an innovative solution to the US
corporate bond market because of their invaluable experience in
fixed income technology and market development, including senior
roles at Goldman Sachs, Blackrock, NYSE, and MarketAxess. To learn
more, please visit www.bondcliq.com.
About Charles River, a State Street Company Charles River
enables sound and efficient investing across all asset classes.
Investment firms in more than 30 countries use Charles River IMS to
manage more than US$25 Trillion in assets as of April 2019 in the
institutional investment, wealth management and hedge fund
industries. Our Software as a Service-based solution (SaaS) is
designed to automate and simplify investment management on a single
platform – from portfolio management and risk analytics through
trading and post-trade settlement, with integrated compliance and
managed data throughout. Headquartered in Burlington,
Massachusetts, we support clients globally with more than 925
employees in 11 regional offices. www.crd.com
*As of April 2019
About State Street Corporation State Street Corporation
(NYSE: STT) is one of the world's leading providers of financial
services to institutional investors, including investment
servicing, investment management and investment research and
trading. With $32,754 billion in assets under custody and
administration and $2,918 billion* in assets under management as of
June 30, 2019, State Street operates globally in more than 100
geographic markets and employs approximately 40,000 worldwide. For
more information, visit State Street's website at
www.statestreet.com.
* 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190905005127/en/
Mary Masi-Phelps, Charles River Development, +1 781-425-6155,
marymasiphelps@crd.com
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