IHS Markit pairs with BondCliQ to extend thinkFolio bond pricing data

The partnership will see IHS Markit thinkFolio users gain institutional US corporate bond quote, and post-trade TRACE data, from BondCliQ.

IHS Markit has partnered with fixed income market data provider BondCliQ to embed US corporate bond pricing data with its investment management platform, thinkFolio.

The partnership will see IHS Markit’s thinkFolio clients gain click-to-view, consolidated, and pre-trade institutional bond quote data from 34 dealers, as well as post-trade and normalised TRACE data.

“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 global head of thinkFolio, Brett Schechterman.

“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.”

BondCliQ offers a consolidated quote display and generates a centralised institutional pricing quote for both buy-side institutions and sell-side dealers. Combined with thinkFolio order and execution management workflow, both firms added BondCliQ’s data will boost pre-trade liquidity insights for traders.

“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,” BondCliQ chief executive, Chris White, commented. “This simple and efficient approach reduces disintermediation by bringing the buy-side and the sell-side closer together.”

Last month, asset manager Allianz Global Investors confirmed it would be adopting thinkFolio to support its global fixed income business. The thinkFolio platform will provide Allianz with enhanced decision support, portfolio modelling and trade generation.