Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

34675

Overbond integrates Euroclear LiquidityDrive into real-time bond trading automation

RELATED TOPICS​

Overbond, a provider of AI quantitative analytics for institutional fixed income capital markets, has integrated Euroclear LiquidityDrive settlement-layer data for fixed income trade automation purposes. 

“The lack of a centralised source of trade data is one of the biggest hurdles to automating fixed income trading. But now, using Euroclear LiquidityDrive, Overbond can access volume information for OTC trades that is not found in any other electronic venue-specific data feed. Integrating OTC trade volumes into AI models enhances the precision of bond liquidity scoring and best executable pricing. Adding settlement layer data to our AI is the last frontier in data aggregation necessary for real-time bond trading automation,” says Vuk Magdelinic, CEO of Overbond. 
 
Euroclear LiquidityDrive is a new data service that offers in-depth liquidity analysis on all fixed income instruments settled within Euroclear. Euroclear LiquidityDrive covers more than 460,000 global corporate and government bonds, and in 2019 the Euroclear post-trade ecosystem settled the equivalent of EUR837 trillion in securities transactions. The service combines executed trade settlement data with custody activity data and is agnostic of whether the instrument is traded via an electronic platform or voice traded. 
 
Overbond’s COBI-Pricing LIVE is a customizable AI pricing engine designed to assist traders in automating pricing and trading workflows. As part of COBI-Pricing LIVE, Overbond’s liquidity scoring model uses Euroclear LiquidityDrive data as one of the various inputs to the AI liquidity scoring engine. 
 
Overbond’s AI generates a single liquidity score per CUSIP/ISIN. This allows for more accurate risk measurement and enables trade automation in three different execution styles: no-touch, one-touch or trader supervision. Using AI liquidity scoring, COBI-Pricing LIVE tiers all trades accordingly and determines if they qualify for full automation or trader supervision, or if they should not be traded at the current time. 
 
Liquidity scores are generated for more than 100,000 fixed income instruments with an industry-leading refresh rate of less than three seconds — giving sell-side trading desks the ability to fully automate 30 per cent of their requests for quotes (RFQs) and execute an additional 20 per cent with trader supervision. 
 

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15..
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined..
Bloomberg has announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction..

Related Articles

Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by