Overbond, a supplier of AI analytics and commerce automation options for the worldwide mounted earnings markets, has partnered with TMX Group, an operator of worldwide markets and supplier of market information and analytic options, to combine CDS FIPS settlement-layer Canadian bond information into Overbond AI mounted earnings buying and selling instruments and analytics.
This integration immediately addresses the information challenges dealing with Canadian asset managers when they’re pricing Canadian bond portfolios, structuring and rebalancing new portfolios, and looking for to assemble and use pricing and liquidity time sequence.
The Overbond-TMX partnership provides each Overbond and CDS FIPS customers entry to the deepest protection of Canadian mounted earnings commerce information, offers for enhanced pre-trade and post-trade analytics and permits extra correct best-executable pricing and liquidity discovery for Canadian bonds.
CDS FIPS combines executed commerce settlement information with custody exercise information from each digital and voice trades (OTC trades) to offer the one obtainable full day by day quantity info on Canadian mounted earnings trades reported to CDS Clearing and Depository Providers Inc. The service covers greater than 40,000 Canadian company and authorities bonds.
Integrating OTC commerce volumes into Overbond AI fashions enhances the precision of bond liquidity scoring and finest executable pricing. CDS FIPS enriched information permits extra correct measurement of the traded quantity of Canadian greenback denominated OTC trades — information that’s in any other case not present in some other digital venue information feed or composite pricing information feed.
“Including settlement layer information to Overbond AI fashions is the subsequent frontier in information aggregation obligatory for locating best-executable pricing and liquidity within the Canadian company bond market,” stated Vuk Magdelinic, CEO of Overbond.
The CDS FIPS information enhancement is just the beginning of the added worth that may come from the Overbond-TMX partnership as a result of Overbond know-how is scalable and adaptable to different asset lessons.
“We anticipate that TMX and Overbond will allow extra AI-driven information and analytics instruments to be used by asset managers, buy-side and sell-side merchants, analysts, compliance departments and again workplaces throughout a number of asset lessons,” stated Michelle Tran, President of TMX Datalinx.