This product is a partnership between EDI and BondCliQ, a market data facility for US Corporate Bonds.
Post-trade Data Product
BondCliQ aggregates all investment and high-grade bonds disseminated by FINRA, enriches the data with essential risk spreads, and delivers the data in multiple formats for efficient consumption.
Source
FINRA TRACE Services
Scope
All reported trades registered & 144a
Options
Raw: Only Trade Prices
Enriched: T, I, Z and G spreads with size estimates
Frequency
Available in real-time, intraday, end-of-day.
Historical data back to October 2016.
Pre-trade Data Product
Pre-trade data is commonly loosely organized, often poor quality and not actionable, there creating an inefficient trading environment for block trading. As the only solution provider with this approach to high-quality pre-trade data, BondCliQ’s consolidated platform, BondTIQ, creates a competitive environment which encourages market makers to complete for client order flow based on price and customer service.
Source
Direct contributions from >35 bond dealers.
Scope
All major sectors across investment grade and high-yield.
Features
Consolidated data (all participants see all prices), attributed pricing with size details
Frequency
Available in real-time, intraday, end-of-day.
Historical data back to June 2019.
This dataset can solve purposeful middle and back-office obstacles for the buy-side user:
- Improve portfolio valuation efficiency
- Enhance transaction cost analysis
- Monitor institutional liquidity conditions
- Evaluate institutional dealer counterparties.
