Company execution specialist Liquidnet has turned to funding know-how firm bondIT to offer new instruments to merchants on its Fastened Earnings digital buying and selling platform. Liquidnet will leverage bondIT’s Scorable Credit score Analytics to assist merchants higher anticipate market traits. The know-how can even assist them mitigate credit score danger and make extra knowledgeable choices faster.
“With this integration, our purpose is to offer entry to essential data to funding companies of all sizes,” Liquidnet International Head of Fastened Earnings Product and Partnership Applications Nicholas Stephan defined. “Our members could have seamless entry to a variety of credit score knowledge giving them an additional edge forward of creating their buying and selling choices.”
Scorable Credit score Analytics leverages knowledge science, Explainable AI, and machine studying to assist mounted earnings buyers anticipate modifications in credit score scores and spreads. The answer predicts downgrade and improve chance for 3,000+ rated company and monetary issuers worldwide. Utilizing insights resembling these, merchants can spot funding alternatives earlier and outperform friends. Courtesy of explainable AI, Scorable ensures transparency and permits customers to grasp the explanations behind the predictions. The combination will profit Liquidnet’s 700+ member companies that entry the platform’s major and secondary market buying and selling protocols for company bonds.
“Bonds are again, however so is danger,” bondIT Head of International Consumer Enterprise Dr. David Curtis mentioned. “Know-how turns into an ever extra necessary ally on this dynamic monetary panorama. The synergy between bondIT’s AI-driven Scorable Credit score Analytics and Liquidnet’s platform empowers merchants with actionable insights, enabling them to remain forward in right this moment’s unstable markets.”
Based in 1999, Liquidnet is an institutional buying and selling community headquartered in New York. Greater than 1,000 institutional buyers in 49 markets throughout six continents use Liquidnet’s know-how. Interdealer dealer TP ICAP acquired the corporate in 2021 for $700 million.
Observe that Liquidnet just isn’t the primary firm this yr to deploy bondIT’s Scorable resolution. Wealth administration resolution supplier First Charge introduced a strategic partnership with bondIT in June. The Arlington, Texas-based agency built-in Scorable Credit score Analytics into its personal AI-driven reporting device.
bondIT made its Finovate debut at FinovateFall in 2016. Within the years since, the Israel-based fintech has grown right into a 50+ particular person crew, and partnered with a few of the world’s main asset managers, banks, and know-how companies. Along with Scorable Credit score Analytics, bondIT provides two different options: Frontier and Embedded. Frontier supplies data-driven, personalised, mounted earnings portfolio administration. Embedded is bondIT’s end-to-end, built-in portfolio development, analysis, and buying and selling resolution.
The corporate started the yr with information that Fundamentum Funding Administration had begun utilizing bondIT’s portfolio optimization and credit score analysis resolution. This partnership got here within the wake of bondIT securing $14 million in funding in a spherical led by BNY Mellon. The funding gave bondIT whole fairness capital of greater than $32 million, based on Crunchbase. Inside months, the corporate’s relationship with BNY Mellon paid off. In September, BNY Mellon Pershings launched its mounted earnings analysis, administration, and buying and selling device, BondWise, powered by bondIT.
bondIT was based in 2012. Etai Ravid is founder and CEO.
Photograph by Pixabay
