Overbond taps AWS to deliver real-time pricing calculations

Dan Barnes

Fixed income analytics provider Overbond has launched a new real-time AI bond pricing engine that utilises the latest data processing serverless cloud architecture from Amazon Web Services (AWS).

This system builds on Amazon Kinesis Data Analytics and AWS Lambda function parallel streams. Overbond reports this now gives it the ability to offer both sell-side dealers and buy-side asset managers big data processing in real-time, historical benchmarking, and AI-driven price modelling for corporate and government-issued bonds. In addition, each of the functions are displayed from a single touchpoint with a reported 2.5-second refresh rate or less.

“Overbond’s new real-time AI bond pricing engine is one of the fastest processing units to be found on AWS infrastructure and the most advanced application for fixed income trading,” said Vuk Magdelinic, CEO of Overbond. “Real-time processing of live streaming APIs and AI-enhanced bond price modeling that demands historical benchmarking and analysis was not possible without the application of cutting-edge serverless-cloud technology that AWS recently launched.”

Overbond’s engineering team designed the new real-time AI pricing engine using AWS development infrastructure, including coupling Kinesis Analytics with parallelisation of AI processes using Lambda functions. Amazon Elastic Map Reduce (EMR), Amazon Athena, Amazon Glue, Amazon Kinesis, and Amazon DynamoDB were also utilised from the AWS serverless cloud architecture suite.

©The DESK 2020