ClearBid Global Markets

What ClearBid Global Markets does

ClearBid Global Markets (CBGM) is a New York-based fintech, founded in 2024, that operates a digital multi-asset marketplace designed to connect issuers and institutional investors in global capital markets. The platform spans pre-issue services (deal coordination and deal sourcing), bond products (floating rate bonds, fixed rate bonds, commercial paper), carbon credit origination and trading, and live market data and analytics. Its core differentiator is a proprietary Dutch Auction engine that enables real-time, transparent price discovery—an alternative to traditional over-the-counter bond workflows—supplemented by automated floating-rate reset tools for VRDOs/MLVRS, a trade blotter and portfolio view, and a cloud-based API-ready architecture for institutional workflow integration.

CBGM operates an SEC-registered Alternative Trading System and distributes its platform through strategic partnerships with regulated broker-dealers and exchanges: Blaylock Van in the United States, Archax (FCA-regulated) in the UK/EU, and Bullion Securities Limited in Ghana, with an MoU with AEO Group FZCO covering the Middle East. The company monetizes through transaction fees on primary bond issuance and secondary trading, recurring subscriptions for market data and analytics, and transaction fees from carbon credit trading. All pricing is negotiated rather than publicly disclosed.

The company is founder-led by Robert Novembre (former Citigroup MD who led $170 billion in floating rate trading) and is supported by a leadership team drawn from Société Générale, Moody's, Barclays, BNP Paribas, NG Clearing, and the Nigerian Stock Exchange. The team is intentionally lean (1-10 employees), and there are no disclosed funding rounds, investors, or revenue figures. CBGM's growth posture to date has been partnership-led geographic expansion across four continents, and it contributed to UNCTAD's 2025 World Investment Report.

Name

ClearBid Global Markets

Legal name

ClearBid Global Markets

Website

https://clearbidmarkets.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

ClearBid Global Markets is a New York-based fintech that operates a SEC-registered digital bond marketplace using proprietary Dutch auction pricing to connect government, corporate, and infrastructure issuers with institutional investors across the US, UK/EU, Africa, and the Middle East.

Ownership category

akta.pro rank

Product category

Digital Capital Markets Infrastructure

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Investment Banking and Securities Intermediation (523150), Securities and Commodity Exchanges (52321)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Asset-Backed Securities (6189)

akta.pro primary industry

Bond Auction & Primary Issuance Platforms (FSAFACAH)

akta.pro secondary industry

Fixed Income Dark Pools / Crossing Networks (FSAFACAJ)

Keywords

• Digital bond marketplace
• Alternative trading system
• Capital markets infrastructure
• Dutch auction platform
• Carbon credit trading

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Bond Issuance & Listing Fees: CBGM generates revenue by facilitating bond issuance through its digital marketplace, connecting issuers with institutional investors via transparent Dutch auction mechanisms
2. Trading & Secondary Market Transaction Fees: Revenue from secondary market bond trading through the platform's electronic trading system and Alternative Trading System
3. Market Data & Analytics Subscription: Platform delivers historical and live market data, predictive analytics and global insights to users, providing real-time demand indicators and transparent audit trails
4. Carbon Credit Trading: Revenue from carbon credit trading including warrant structures alongside bonds and free-floating credits in centralized market

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

ClearBid Global Markets operates a digital multi-asset marketplace that connects bond issuers (governments, corporates, asset-backed borrowers) with institutional investors, using a proprietary Dutch auction mechanism for transparent price discovery. It offers bond issuance and secondary trading (floating rate, fixed rate, commercial paper), carbon credit origination and trading, pre-issue deal services, and live market data and analytics, delivered through its SEC-registered Alternative Trading System.

Product overview

ClearBid Global Markets (CBGM) operates a digital multi-asset marketplace platform designed to connect investors and issuers in global capital markets. The platform uses transparent Dutch auction pricing to improve market liquidity, expand investment opportunities, and modernize cross-border connectivity. The product portfolio consists of pre-issue services (Deal Coordination and Deal Sourcing), bond products (Floating Rate, Commercial Paper, and Fixed Rate bonds), carbon credit markets (Carbon Credit Origination and Carbon Credit Trading), and Live Data & Market Insights. Core platform features include the Dutch Auction Engine, Floating Rate Reset Tools, Trade Blotter & Investor Portfolio View, Real-Time Market Analytics, and a Cloud-Based API-Ready infrastructure. The platform is designed for institutional and corporate clients seeking capital markets-based financing for infrastructure, corporate, and asset-backed borrowers.

Differentiator

Problem solved

Functional benefit

Products and services

• Pre-Issue Service - Deal Coordination
• Pre-Issue Service - Deal Sourcing
• Floating Rate Bond
• Commercial Paper
• Fixed Rate Bond
• Carbon Credit Origination
• Carbon Credit Trading
• Live Data & Market Insights

Quantifiable outcome

• Transparent Dutch auction pricing improves market liquidity and reduces interest rates through competitive bidding pressure
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• Bullion Securities Limited (BSL)coreStrategic or Co-development Partner · 3 June 2026CBGM and Bullion Securities Limited announced a strategic partnership focused on supporting capital market infrastructure development in Ghana. The collaboration combines CBGM's global digital bond market infrastructure with BSL's local market expertise to strengthen market access, enhance transparency, and support deeper secondary market liquidity. The partnership aims to connect Ghana's bond markets to CBGM's global ecosystem covering 3 continents.
• Blaylock Van, LLCcoreChannel Partner/ Reseller/ Distributor · 9 March 2026CBGM entered into a strategic collaboration with Blaylock Van, a US registered broker-dealer, to support expansion of CBGM's global digital bond trading and data platform into the United States. Blaylock provides traditional broker-dealer services through CBGM's SEC-registered Alternative Trading System, while exploring opportunities across bond issuance, secondary trading and broader banking-led initiatives.
• ArchaxcoreTechnology or Integration · 14 January 2026CBGM selected Archax as its regulated digital asset partner to expand cross-border digital bond trading into UK and EU regions. Archax, a regulated digital asset exchange, broker and custodian based in UK, EU, US and UAE, provides FCA regulations in the UK to enable CBGM's digital bond pre-issuance, trading and data platform. CBGM plans to expand to EU leveraging Archax's permissions there.
• AEO Group FZCOcoreStrategic or Co-development PartnerAEO Group and CBGM signed a Memorandum of Understanding to collaborate on delivering innovative capital markets solutions that enhance transparency, efficiency, and cost-effectiveness in project financing. The partnership combines AEO Group's global strategic advisory expertise with CBGM's capital markets innovation and digital bond marketplace. AEO Group provides strategic advice, deal structuring, and investor engagement while CBGM leads bond structuring, execution, and issuance through its proprietary platform.

Scale indicators3 records

Recent moves10 records

Expansion highlights5 records

Emerging players

• Carbonplace: Carbonplace is a digital marketplace for trading verified carbon credits, founded by major banks and energy companies. It is an emerging peer to CBGM on the carbon credit side, as CBGM also offers carbon credit origination and trading — though CBGM couples this with a broader bond issuance and trading platform rather than being carbon-only.
• Mosaic (part of Compagnie Financière Tradition): Mosaic is a regulated interdealer broker focused on emerging markets fixed income, now part of Compagnie Financière Tradition. It is an emerging peer to CBGM because both target institutional fixed income trading in emerging markets where bond market infrastructure is fragmented — though Mosaic operates a hybrid voice-electronic model while CBGM is fully digital.

Direct peers

• Tradeweb Markets: Tradeweb is a leading global electronic marketplace operator for institutional fixed income, derivatives, and ETFs. It is a direct peer to CBGM as both operate electronic trading platforms serving institutional bond market participants, though Tradeweb is significantly larger and broader in scope.
• LedgerEdge: LedgerEdge operates a permissioned blockchain-based trading platform for institutional bond trading, primarily in the UK and Europe. It is a direct peer to CBGM because both are newer electronic bond trading venues competing for institutional flow with technology-forward architectures and a focus on transparency improvements over traditional OTC bond markets.
• DirectBooks: DirectBooks is a digital platform that streamlines primary corporate bond issuance by connecting issuers, dealers, and institutional investors electronically. It is a direct peer to CBGM because both target digital transformation of the corporate bond primary issuance workflow, though DirectBooks focuses on US investment-grade corporate deals while CBGM has a broader multi-asset and multi-region remit.
• MarketAxess: MarketAxess operates one of the largest electronic trading platforms for corporate bonds and other fixed income instruments. It is a direct peer to CBGM because both serve institutional investors and dealers with electronic fixed income trading infrastructure, with MarketAxess having established Open Trading and all-to-all protocols that overlap with CBGM's transparent auction concept.
• BondCliQ: BondCliQ operates an electronic trading platform and data service for US corporate bonds, focusing on fixed income market data, pricing, and execution. It is a direct peer to CBGM because both provide institutional clients with electronic fixed income trading data and analytics infrastructure to support bond execution decisions.

Broad incumbents

• TP ICAP: TP ICAP is the world's largest interdealer broker with deep fixed income franchises across rates, credit, and emerging markets. It is a broad incumbent peer to CBGM because it operates one of the largest institutional fixed income intermediation businesses globally, though its model relies heavily on voice broking rather than transparent electronic auction mechanisms.
• Bloomberg L.P. Bloomberg operates FIX, the leading electronic trading platform for fixed income, alongside its dominant market data and analytics franchise. It is a broad incumbent peer to CBGM because both serve institutional fixed income participants with trading and data infrastructure, though Bloomberg FIX is a full multilateral trading venue and broader in scope.

Regional players

• BondboX: BondboX is a Singapore-headquartered institutional bond trading platform serving Asian fixed income markets. It is a regional peer to CBGM because both operate digital bond marketplaces with a focus on improving institutional access to fixed income, though BondboX is concentrated in Asia while CBGM has focused on the US, UK/EU, and African markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cbgm-clearbid-global-markets

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ClearBid Global Markets