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 empower traders to identify up to 30% more executable trades, leveraging the power of data-driven insights. With interop.io, clients can build and deploy highly intuitive front ends that combine different applications and functionality into a single, harmonized smart desktop.
In the fixed-income trading space, data gaps and data silos remain a challenge for efficient, profitable fixed income trading and automation. The Interop.io and Overbond partnership sets the stage for an optimized trading workflow experience for Overbond and Interop.io users. Overbond strives for interoperability of our AI algorithm suite with native trader desktop workflow. The partnership with Interop.io solidifies this approach as the seamless integration allows Overbond clients to derive even greater value from Overbond components, as they can now interoperate with a wide range of applications and existing tech stacks. For example, traders can now click on a bond order in their portfolio, order or execution management system (in-house or third party) and see liquidity and pricing information in Overbond in a single click. Additionally, traders can view assess best prices within Overbond and then start a chat directly with dealers with the relevant quote details already pasted.
“At our core at Overbond we strive for interoperability of our AI algorithm suite with native trader desktop workflow. Our partnership with interop.io solidifies this approach,” says Chaim Hack, Director of Sales at Overbond. “This seamless integration allows Overbond clients to derive even greater value from Overbond components, as they can now interoperate with a wide range of applications. This also helps integrate smart order routing / sizing tool easier into traders and Portfolio Managers workflow in one pane of glass.”
“Interoperability is a must-have in the fixed income space where uber fragmentation is the norm and deriving insights from data can be impossible.” says Reena Raichura, Director, Head of Product Solutions at interop.io. “Overbond are solving for this challenge through their data aggregation and advanced analytics platform. We then embed their solution into existing investment and trading workflows, creating seamless workflow automation, and bringing data to end-users at the point they need it.”
Overbond is a developer of process-redefining, AI-driven data and analytics and trade automation solutions for the global fixed income markets. Overbond performs market surveillance, data aggregation and normalization, and deep AI quantitative observation on more than 250,000 corporate bonds and fixed income ETFs. Applying proprietary artificial intelligence to pricing, curve visualization, market liquidity, issuance propensity, new issuance spreads, default risk and automated reporting, Overbond enables trade automation and enhances trade performance and portfolio returns. Clients of Toronto-based Overbond include global investment banks, broker-dealers, institutional investors, corporations and governments across the Americas, Europe and Asia. For more information, please visit www.overbond.com.
interop.io, formed in June 2023 through the merger of Finsemble and Glue42, is a global powerhouse driving application interoperability in capital markets and beyond. Leveraging FDC3 and workflow automation, interop.io enables clients to create Straight-Through Workflows™, benefiting from unparalleled business agility, a more productive workforce, and better operational control.