Overbond Partners with Interop.io

This partnership will allow Overbond clients to derive even greater value from Overbond components, as they can now interoperate with a wide range of applications. Overbond, as the leading API-based credit trading automation and execution service, and Interop.io, the driving interoperability agent in capital markets have partnered to Streamline FI Trader Workflows through FDC3 interoperability. Overbond’s analytics…

Read More

Generative AI Use Grows in Financial Services

The majority of financial firms are planning for pilots or deployment of generative artificial intelligence according to a webinar hosted by Broadridge Financial Services, the fintech provider. In a Broadridge webinar on 26 October, Generative AI: Lessons From the Front Line, a poll found that only 8.2% of attendees have no plans to use the technology….

Read More

Talent, technology and a range of new flavours

TD Cowen has invested heavily in people and technology over the years, and now clients are seeking different forms of hybrid outsourced trading services from the provider along with delving deeper into new asset classes, says Michael Rosen, managing director and global co-head of prime brokerage & outsourced trading. How has the perception of outsourced…

Read More

The Big Interview: Laura-Jane Purnell

Director, senior fixed income and FI ETF trader at BlackRock, Laura-Jane Purnell, sits down with Wesley Bray to discuss her journey to the trading desk, the key drivers in the modernisation of bond markets and how to navigate shifting liquidity supply and demand dynamics. By Wesley Bray Tell us about your journey to becoming a fixed…

Read More

Broadridge’s LTX looks to GenAI as it competes for market share

Breaking into a market where giants already loom large isn’t for the faint of heart, nor theshallow of pockets. In fixed-income trading platforms, there are the Big Three: Bloomberg,MarketAxess, and Tradeweb. But two years ago, Broadridge ambitiously threw its hat into the bondtrading ring with its LTX platform. LTX’s value proposition is that broker-dealers stand…

Read More

FILS in Barcelona: The modernisation of the bond market

A massive modernisation of the bond market is being recognised at the Fixed Income Leaders’ Summit in Barcelona. Although the event was largely held under the Chatham House Rule, it was clear that the evolution of new trading protocols including algorithmic trading, portfolio trading, and the electronification of established protocols of trading is expected to…

Read More

Have US IG trades hit their smallest size this year?

The fires of summer are being replaced by the floods of autumn, but in the bond markets a gentler and more positive outcome is being see to the change in seasons. Looking at data from MarketAxess Trax, which tracks activity across multiple fixed income markets and sources, we can see that trading volumes appear to…

Read More

New study of post-trade ecosystem shows pain of legacy systems

Research of 300 post-trade experts including custodians and brokers shows that legacy technology and regulation prevent financial institutions from capturing growth opportunities. A third of post-trade firms are operating with legacy platforms more than a decade old, with budgets being dominated by maintenance and upgrades over investments in replacements and transitions, new research has found….

Read More

Overbond brings to credit trading A.I. Smart Order Routing and for the first-time Separate Bid and Ask Liquidity Scoring

Newly launched AI-driven smart order routing and bid-ask liquidity tiering tools developed by Overbond allow fixed income traders to optimize execution and fully automate more trades. TORONTO and LONDON, Sept. 19, 2023 /CNW/ – Following its bid-ask liquidity scoring model’s recent launch, Overbond launched its smart order routing (SOR) system today. These AI-driven tools are critical for achieving no-touch…

Read More