Overbond, an API-based credit trading automation and execution service in the global capital markets, has entered into a data sharing and redistribution agreement with MTS BondsPro, a platform that offers access to liquidity and real-time execution on an anonymous, all-to-all order book.
Overbond will integrate certain MTS BondsPro fixed income price data to enhance the coverage and precision of its AI-generated fixed income data feeds and automated trading solutions, and MTS BondsPro clients will gain access to Overbond’s fixed income prices and liquidity-confidence scores.
Through its partnership with MTS BondsPro, Overbond AI will be able to integrate an additional 10 million price updates daily across 25,000 investment grade (IG), high yield (HY) and emerging market (EM) bonds. In turn, MTS data will now include Overbond liquidity confidence scores and best executable pricing. The MTS BondsPro data adds a previously untapped layer of information to AI fixed income data aggregation because it includes firm, executable prices in real time.
