Le Lézard
Classified in: Science and technology, Business
Subject: PDT

AxeTrading announces the integration of the Overbond COBI pricing analytic platform


LONDON, Jan. 22, 2020 /PRNewswire-PRWeb/ -- This capability can be activated for any AxeTrader user with a simple configuration, which users can do themselves, their IT team can set up, or AxeTrading can send to them. This enables any AxeTrader user, that also has access to OverBond's COBI analytics, to get direct access to insight specific to a selected security with a single click from their AxeTrader workflow.

AxeTrader software provides fixed income traders with market aggregation and trading workflows in a single desktop enabling more efficient and transparent trading using adaptive, open and flexible technology. AxeTrader interacts seamlessly across over 45 execution venues and connects to 11 leading market data sources, including Overbond. Traders are able to benefit from their choice of the broadest ecosystem of best in class trading and data applications.

COBI Pricing is Overbond's most advanced AI bond pricing solution for electronic bond trading. It utilizes deep data aggregation and AI modelling trained on 5 years live markets data and 20 years of back-data history.

Vuk Magdelinic, CEO of Overbond said, "Overbond COBI Pricing can enhance users' bond trading workflow by providing precise executable prices in up to 30% more situations when there is no directly observable trading price in the market. Trading desk revenue can be grown significantly through their access to this insight. We are excited to integrate with AxeTrader and look to extend the COBI model to an expanded community of trading clients."

Mark Watters, CCO and co-founder of AxeTrading commented, "Working with Overbond and other leading data providers, we at AxeTrading embrace the principles of interoperability to give Traders seamless control of their workflow. Some other platforms look to constrain and create a walled garden forcing users to be dependent on a limited range of options. We free them to make best use of their existing systems, diverse trading venues and the latest augmented data."

NOTES TO EDITORS

AxeTrading is the award winning global fixed income trading software company that enables unique market making, price making and order execution with AxeTrader. This provides traders access to optimised, personalised and intuitive workflows delivered by highly flexible, agile and efficient technology. AxeTrading was founded in 2009 and is headquartered in London with a technology innovation centre in Magdeburg and sales offices in Sydney and Singapore.

Founded in 2015, Overbond is transforming how global investment banks, institutional investors, corporations and governments connect and access fixed income market through advanced AI analytics. Overbond's fully-digital platform and suite of AI algorithms (COBI) eliminates inefficiencies, provides systematic price discovery and predictive analytics to all counterparties in fixed income market.

The company's growing client base includes buy-side institutions with over $2 trillion of assets under management globally, across both passive and active strategies as well as regulatory reporting regimes. As well as global corporate and government issuers with more than $20 billion in outstanding bonds.

 

SOURCE AxeTrading


These press releases may also interest you

at 22:55
Global technology company HCL Technologies (HCL), today announced a new large contract with New Zealand dairy co-operative Fonterra to modernise and manage the entire technology infrastructure Fonterra employees around the world use every day. The...

at 21:30
Accenture has acquired Icon Integration, a privately held Australian technology consultancy that provides SAP digital supply chain solutions and services as well as specialised business intelligence (BI) solutions to clients across Australia and New...

at 20:09
Scientific Games Corporation ("Scientific Games" or the "Company") was honored with five industry accolades at ICE London 2020 for creating best-in-class entertainment with its unified, world-class content and innovation across gaming, iGaming and...

at 20:00
Cybersecurity specialists hired by NCH recently wrapped up their investigation into an email phishing attack against NCH.  On or around June 14, 2019, NCH became aware of suspicious activity related to its human resources, timekeeping, and payroll...

at 19:25
Track Group, Inc. , a global leader in offender tracking and monitoring services, today announced financial results for its first quarter ended December 31, 2019 (the "First Quarter FY20"). The Company posted (i) revenue of $8.4M, an increase of 3%...

at 18:45
Today's threat landscape has brought the critical need for data security front and center. Stepping up to meet this challenge is Cyber Security Services, a cyber security consulting firm and risk assessment company, which announced today the launch...



News published on 22 january 2020 at 04:00 and distributed by: