Fractional bonds will now be available on the FinIQ platform. Banks and financial institutions which use FinIQ would have direct access to the BondbloX Bond Exchange (BBX). This would enable these banks to trade fixed income live on an instant atomic settlement basis on BBX. Banks can also offer direct access to their wealth clients for fixed income trades as they have been so for structured notes on the FinIQ platform.
Shodhan Shah, director of FinIQ, commented
“Our partnership with BondEvalue further bolsters our core offering of providing a front-to-back platform for wealth managers which digitizes, sales and distribution processes. We see increased demand for digital bonds from our clients.”
“A step towards the digitalisation, democratisation and direct access to bond investment. This takes us closer to our goal of allowing every equity investor to also buy bonds,”
said Rajesh Johar, Co-founder of BondEvalue.
“We are excited to join hands with FinIQ in our journey to democratise trading bonds. About 40 banks and venues use FinIQ’s open architecture, to provide live quotes and express order capture at a button’s click for various financial products. Using bondblox, private banks would be able to offer more personalized and differentiated bond portfolios.”