BondCliQ

BondCliQ provides fingertip access to best-in-class, real time, corporate bond quotes and axes, alongside dealer performance rankings, from 40+ participating dealers. BondCliQ's unique dealer protocols significantly improve the quality and reliability of pre-trade data so that users can avoid "socializing" their orders. BondCliQ's applet, the Level 4 LinQ, enhances institutional liquidity by integrating a full CUSIP-level quote book (order book) window as part of users' workflow directly inside your platform. 

Key Benefits 

• Gain access to 70,000+ quotes and 17,000+ CUSIPs each day 
• Evaluate a daily average of 5,300 "3 stacks" (i.e., where 3+ dealers are quoting or axed in an individual CUSIP)  
• Comprehensive coverage of US corporate bond market with expanding global footprint   
• Consistently capture daily quote data from 93 of the top 100 CUSIPs traded by volume 
• Leverage pre-trade data from 40+ contributing dealers  
• Take advantage of protocols that do not allow for tiering or data fragmentation
• Enjoy visibility and access to all dealer prices regardless of whether they are permissioned to trade with them
  

Key Features

• Real-time parsed dealer quotes and axes at the CUSIP level centralized in order book fashion 
• Numeric dealer rankings displayed based on multiple quote quality and quote consistency metrics  
• Data partners displayed on Level 4 LinQs 
  • S&P Global (IHS Markit): Evaluated spread/price and 5yr/10yr CDX levels 
  • ETF Global: Ratio of how many of the top 25 credit ETFs (by AUM) currently hold a given bond  
  • MSCI: ESG ratings