Wall Street Teams With BlackRock to Provide Bond Price Data (1)

Some of Wall Street’s biggest banks are teaming up with BlackRock Inc.’s Aladdin technology system to provide real-time pricing data for trading US corporate bonds – still one of the most opaque areas in financial markets.

It’s another step toward transparency in a market where hyper-competitive banks have historically hoarded pricing information. The banks will contribute data to Aladdin via BondCliQ Inc., which describes itself as “creator and operator of the first and only consolidated quote system for US corporate bonds.”

Dealers including Bank of America Corp., Morgan Stanley and JPMorgan Chase & Co. are among those participating, according ...