The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Click, click, you’re dead

Despite having the backing of six of Europe’s leading investment banks, BondClick has bitten the dust. Though its mission to create an electronic platform for trading European government bonds seemed straightforward enough, just three months after it launched its trading operation it was already in big trouble. The whole episode is an embarrassment for the banks that backed the new venture.


The story has all the ingredients of a classic internet farce: boom-crazy investors, board members with no experience of running a business, millions of euros spent on barely used technology, a CEO who disappeared in controversial circumstances, angry staff left without work, bungled deals, botched business plans, and egg on face all round. It sounds like a familiar enough story to anyone following the hi-tech boom, except that this time it involves a company set up by six of Europe's leading investment banks, and run by some of the most senior and highest-paid bankers in European financial markets.

BondClick's mission was simple - to create an electronic platform for trading European government bonds that enabled investors to see several banks' prices at the same time. It had a successful model to follow from the US market in the form of TradeWeb, which was also gearing up to be its major competitor.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree