How BondCliQ CEO Chris White grew to $2.5M revenue with a 23 person team in 2023.

BondCliQ is the premier central market system for US corporate bonds, designed to significantly enhance institutional trading within the substantial $8 trillion credit market. This innovative system echoes historical successes in market evolution, offering vast improvements for a diverse array of market participants, including sell-side and buy-side firms, trading platforms, and regulatory bodies. The core functions of the BondCliQ central market system include:

- Centralizing and organizing institutional pre-trade quotes to streamline access to important pricing information. - Creating a formalized price formation process to increase pricing transparency and efficiency. - Establishing a competitive environment for institutional market-making, fostering healthier market dynamics. - Empowering market makers to become more active and influential trading participants, thereby enhancing liquidity and market depth.

The BondCliQ team is exceptionally equipped to pioneer this groundbreaking solution for the US corporate bond market, drawing on their extensive background in fixed income technology and market evolution, with team members previously holding senior positions at leading financial institutions and technology providers such as Goldman Sachs, NYSE, MarketAxess, Creditex, and TruMid. BondCliQ's mission revolves around refining the market structure by developing and deploying a central market system focused on establishing price integrity and promoting modernization within the market.

BondTIQ, integral to BondCliQ's offerings, is a cutting-edge, browser-based market data application tailored for displaying post-trade (TRACE) and pre-trade (consolidated quotes) information. The suite of services provided by BondTIQ emphasizes enhanced data accessibility and comprehension through innovative visualization tools and enriched data feeds, comprising:

**Post-Trade Services:** 1. **BondTIQ:** A state-of-the-art data visualization tool for accessing both real-time and historical TRACE data in an intuitive format. 2. **Enriched TRACE Feed:** An API delivering real-time and historical TRACE data, augmented with critical spread calculations such as T-spread, G-spread, I-spread, and Z-spread, providing a comprehensive view of pricing dynamics.

**Pre-Trade Services:** 1. **BTIQ:** A consolidated quote platform offering immediate access to real-time and historical institutional quote data, aimed at enhancing decision-making processes. 2. **Enriched Quote Feed:** An API presenting real-time and historical pre-trade institutional quotes, designed to offer a detailed and nuanced view of market sentiment and trends.

Through these innovative offerings, BondCliQ and BondTIQ synergistically work towards transforming the US corporate bond market into a more transparent, efficient, and modernized trading environment.