Minority-Owned Bond Traders Get a Way to Be Seen on Wall Street

Bond traders at firms owned by minorities, women and veterans have for years yearned to operate on a level playing field with Wall Street giants. A market-data startup just rolled out something that could help.

BondCliQ, a New York-based firm that offers a centralized feed of real-time bond quotes, in the past two months got added to trading software developed by firms including State Street Corp.’s Charles River. This significantly increases the pool of money managers that can trade against quotes posted by dealers on BondCliQ by connecting them to products used by investors with trillions in assets.

While ...