13 - 14 October, 2020
With a three-second refresh rate, Overbond COBI-Pricing LIVE is a robust, customizable AI pricing engine designed to assist traders in automating pricing and trading workflows for global investment-grade bonds.
Overbond Ltd., a fixed income analytics solution provider, launched COBI-Pricing LIVE on September 17th, 2020, the company’s powerful new real-time AI bond pricing product. COBI-Pricing LIVE has the capacity to process real-time historical pricing data on coverage of over 30,000 securities with a refresh rate under three seconds, making it the fastest in the industry and the first-to-market offering such technology.
COBI-Pricing LIVE is the newest part of Overbond’s innovative suite of AI algorithms and fills a gap in the current market by aggregating multiple data sources on the client side across trading venues, data aggregators themselves, and fundamental and settlement layer data. Bond markets suffer from illiquidity and non-uniform data sources used to price bonds and build credit curves, and fixed income traders require accurate bond pricing that can measure the liquidity of individual securities and enable automatic execution.
COBI-Pricing LIVE provides this requirement by leveraging the power of AI models that optimize prices for bonds with various liquidity profiles and performing deep historical benchmarking and curve fitting. With the entire market expected to see approximately 40% of trading performed by AI algorithms by 2024, COBI-Pricing LIVE is well-positioned given its intuitive, customizable nature and the fact that it is designed to help traders make more informed buying and selling decisions.