The integration aims to plug data gaps in the fixed income space that remain a challenge for dealers in Europe in the absence of a consolidated tape recording.
AI quantitative analytics provider for institutional fixed income capital requests Overbond has entered into an agreement to integrate European fixed- income sale data from Deutsche Börse into its AI- added up data feeds and automated bond trading.
The agreement specifically relates to Deutsche Börse and Clearstream’s latelyco-developed new fixed income data service, Bond Liquidity Data.
Through this cooperation, Overbond guests will be suitable to pierce agreement- position fixed- income sale data deduced from the 170 million deals that Clearstream processes annually. This covers 60 domestic requests and includes 100 currencies.
With this move, Overbond AI plans to “ induce a robust European fixed- income trading data set, ” aimed at plugging the gap in the fixed income requests in Europe that continue to be challenges for dealers.
Overbond uses six months of literal data to train its AI model. The establishment said its combination with Clearstream sale data would produce “ the most robust European AI training data set available for the benefit of a better informed fixed income in Europe ”.
The fixed income requests have generally been heavily over the counter and primer in once times and for this reason the space lacks translucency. While Europe is on the cusp of enforcing a consolidated tape recording for bonds, until controllers do so the assiduity remains reliant on data aggregation services similar as these.
Vuk Magdelinic, principal superintendent of Overbond, said “ Complete and accurate data is a foundational tool for achieving harmonious profitability in the bond requests. Incorporating Clearstream data into the training set for Overbond AI is a game- changer. It allows us to produce a great tool for dealers of European debt and enables them to automate up to 40 of their trades using Overbond. ”
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