valantic integrates Overbond’s pricing and liquidity scoring into dealer FICC trading systems

Dan Barnes
Vuk Magdelinic, CEO, Overbond.

Overbond’s COBI-Pricing LIVE has been integrated into valantic FSA ’s electronic fixed income, currency and commodity (eFICC) trading systems. COBI-Pricing LIVE is a customisable AI pricing engine designed to help traders automate pricing for global investment grade bonds. The system reportedly generates best executable prices and liquidity scores for over 100,000 fixed income instruments and builds curves for more than 10,000 issuers in various real-time liquidity scenarios.

COBI-Pricing LIVE has a refresh rate that Overbond says is less than three seconds, which it argues allows sell-side trading desks to fully automate 30% of their request for quotes (RFQs) and execute an additional 20% with trader supervision.

valantic FSA’s eFICC trading platform supports market making, bond pricing and hybrid connection to electronic dealer-to-dealer (D2D) and dealer-to-client (D2C) venues and data platforms are all integrated into a single high-performance application.

“With the combination of Overbond’s COBI-Pricing LIVE and the valantic FSA platform, traders can seamlessly harness the power of AI-driven best executable pricing and liquidity scoring within valantic FSA’s negotiation workflow — from pre-trade analytics to post-trade reporting. Trades can be executed through one integrated system so traders do not have to swivel between multiple systems. This maximises the speed and quality of execution — doubling or tripling their previous capacity to respond to RFQs,” said Vuk Magdelinic, CEO of Overbond.

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