The integration of Canadian bond data from CDS’s FIPS settlement layer in Overbond AI fixed income trading and analysis tools directly addresses the data challenges facing Canadian asset managers
TORONTO and LONDON, September 1, 2022 /PRNewswire/ – Overbond, a provider of AI analytics and trade automation solutions for global fixed income markets, has partnered with TMX Group, a global markets operator and data provider. market and analytical solutions, to integrate the CDS FIPS Canadian bond data settlement layer into Overbond AI’s fixed income trading and analysis tools.
This integration directly addresses the data challenges faced by Canadian asset managers when pricing Canadian bond portfolios, structuring and rebalancing new portfolios, and seeking to construct and use valuation time series and of liquidity.
Overbond-TMX Partnership Gives Overbond and FIPS CDS Users Access to the Most Comprehensive Coverage of Canadian Fixed Income Trade Data, Provides Enhanced Pre- and Post-Trade Analytics, and Enables More Accurate Pricing and a discovery of liquidity for Canadian bonds.
CDS FIPS combines settlement data from executed trades with custodial activity data from electronic and voice trades (OTC trades) to provide the only information available on the full daily volume of reported Canadian fixed income trades. CDS Clearing and Depository Services Inc. The service covers over 40,000 Canadian Corporate and Government Bonds.
Incorporating OTC trade volumes into Overbond AI models improves bond liquidity scoring accuracy and best executable pricing. CDS’s FIPS-enriched data allows for a more accurate measurement of the traded volume of Canadian dollar-denominated OTC transactions – data not otherwise found in any other electronic site data feed or composite pricing data feed.
“Adding settlement layer data to Overbond AI models is the next frontier in the data aggregation needed to uncover the most executable prices and liquidity in the Canadian corporate bond market,” said Vuk MagdelinicCEO of Overbond.
“We anticipate that TMX and Overbond will enable additional AI-powered data and analytics tools for asset managers, buy-side and sell-side traders, analysts, compliance departments and back-ends. -offices across multiple asset classes,” said Michelle TranPresident of TMX Datalinx.
About Overbond
Overbond is a developer of artificial intelligence-based data and analytics and trade automation solutions for the global fixed income markets. Overbond performs market monitoring, data aggregation and normalization, and in-depth quantitative AI observation on over 100,000 corporate bonds and fixed income ETFs. By applying proprietary artificial intelligence to pricing, curve visualization, market liquidity, issuance propensity, new issuance spreads, default risk and automated reporting, Overbond enables the automation of trades and improves trading performance and portfolio returns. Customers of Torontobased on Overbond include global investment banks, broker-dealers, institutional investors, corporations and governments across the Americas, Europe and Asia. For more information, visit www.overbond.com.
SOURCE Overbond Ltd.
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