LSEG, Aflac Ventures and SEI® invest in the first consolidated listing system for corporate bonds
NEW YORK, January 11, 2022 / PRNewswire / – BondCliQ Inc., creator and operator of the first consolidated rating system for the corporate bond market, today announces the successful initial closing of its Series A funding, led by the London Stock Exchange Group ( LSEG) and major buyers and financial technology players Aflac Ventures and SEI®.
“We believe BondCliQ’s consolidated rating system is a major improvement that will lead to better results for investors.”
Additionally, investment management firm Vanguard has engaged as a strategic partner with BondCliQ to support these improvements in the structure of the corporate bond market.
CEO of BondCliQ Chris Blanc said “We are delighted to partner with a global and visionary leader like LSEG, who understands the value of price data and the importance of a consolidated rating architecture for corporate bond trading. As BondCliQ continues to develop and operate this important structure for the corporate bond industry, we look forward to working with LSEG in the United States, Europe and beyond.”
“We thank these participating FinTech and purchasing institutions for their commitment to BondCliQ and know that these important relationships will play a critical role in creating a healthier corporate bond market that better serves the end investor,” did he declare. “We also continue to engage with other potential investors interested in participating in the transformation of the corporate bond market.”
“LSEG is delighted to invest in BondCliQ,” said Andrea Remyn Stone, Group Manager, Data and Analytics, LSEG. “As a long-time proponent of visibility and transparency, we believe BondCliQ’s consolidated rating system is a major structural improvement that will lead to better results for all investors.”
Funds from the investment will be used for general corporate purposes, to strengthen the BondCliQ team and to help the company expand into other corporate bond markets, such as Europe.
Along with the investment, LSEG and BondCliQ signed terms and conditions to collaborate on new product opportunities, including making BondCliQ proprietary data available through LSEG, to improve pre-trade pricing for corporate bonds. .
BondCliQ inc., New York, New York State, is the creator and operator of the first consolidated listing system for the corporate bond market, organizing institutional pre-trade listings to enable market makers to become more active liquidity providers for buying clients. For more information, please visit https://www.BondCliQ.com.
LSEG (London Stock Exchange Group) is more than a diverse global financial market infrastructure and data company. We are dedicated, open-access partners with a commitment to excellence in delivering the services our clients expect of us. With extensive experience, in-depth knowledge and a global presence in financial markets, we empower businesses and economies around the world to finance innovation, manage risk and create jobs. It’s how we’ve helped support financial stability and the growth of communities and economies around the world for over 300 years. For more information visit: www.lseg.com.
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