TORA integrates BondCliQ’s US corporate bond consolidated quote and trade data

Dan Barnes

Order and execution management system (OEMS) provider, TORA, has integrated its OEMS with BondCliQ’s US corporate bond consolidated quote and trade data. The integration is intended to improve the contextual pricing data available to TORA customers evaluating corporate bond trading opportunities via the TORA OEMS.

Traders using the TORA OEMS will be able to access real time, centralised corporate bond quote data sourced from the 50,000+ quotes which BondCliQ receives on a daily basis from 40+ dealers.

This quote data, in combination with real time pricing data, can allow traders to better analyse the market and evaluate the quality of counterparty liquidity provision. With BondCliQ’s data integrated into their workflow, TORA’s customers can incorporate this additional market colour into their decision making process before sourcing trades within the TORA OEMS.

TORA’s OEMS offers access to bond liquidity and dedicated fixed income OEMS trading tools such as ‘comparable bond’ searches, axe and inventory analysis tools, historical analysis of trade execution and rules to create auto-routing based on bespoke information.

Ovidiu Campean, global head of product at TORA, says, “We are excited to integrate the BondCliQ data into our market leading OEMS. The new data will provide our clients with enhanced bond market transparency and ultimately greater visibility to make more informed decisions and improve the overall execution process.”

Chris White, BondCliQ’s CEO, adds, “We are delighted to have BondCliQ’s data available within the TORA OEMS, making this valuable market information now available on a global scale.”

BondCliQ has integrated its data with succession of buy-side platforms in the OEMS space including IHS Markit’s thinkFolio, Charles River’s investment management platform and TradingScreen’s OEMS.

©Markets Media Europe, 2021