The
fixed-income knowledge and analytics specialist SOLVE just lately launched a brand new platform
that guarantees to redefine how professionals within the sector function. The platform
aggregates a complete set of historic and real-time knowledge and presents insights
that permit customers make knowledgeable selections.
This transfer
comes on the heels of the current acquisitions of Benefit Information and
Lumesis, solidifying its place within the area of fixed-income knowledge. Finance
Magnates spoke with SOLVE’s Co-Founder and CEO, Eugene Grinberg, in regards to the
firm’s newest platform and the way it can gather ten occasions extra pre-trade
knowledge than different obtainable sources.
The SOLVE
platform is designed to fulfill the various wants of establishments, starting from
figuring out new buying and selling alternatives to regulatory compliance. It’s powered
by Deep Market Perception, a expertise that, in line with its creators, delivers
essentially the most correct fixed-income knowledge set obtainable. This expertise eliminates
the necessity for a whole lot of hours spent on knowledge analysis and evaluation, thereby
decreasing danger and driving development.
“We
leverage Deep Market Perception in two parallel methods – on the one hand, we
mixture quotes from the messages of particular person purchasers to prepare their agency’s
knowledge after which the identical mechanism is used to mixture quotes contributed by our
huge community of buy- and sell-side contributing purchasers,” Eugene Grinberg, commented to Finance Magnates.
Supply: SOLVE
He additionally
emphasised the platform’s potential to fulfill the particular necessities of enormous
institutional prospects, together with bankers, underwriters, issuers, and lots of
others. “With the SOLVE Platform in place, establishments can value bonds
and securities on a real-time foundation with nice confidence,” the CEO mentioned.
Due to this fact,
the brand new software stands out for its strategy to knowledge assortment. For instance, the
firm presents a variety of options, together with real-time pre- and post-trade
pricing, intensive protection of illiquid securities, and regulatory compliance
options for the municipal bond market.
“To
present most transparency, we overlay pre-trade quotes with post-trade
pricing. When trying to confirm truthful market worth of bonds, the very best
indicator is a materialized commerce,” Grinberg defined. “Nonetheless,
most securities do not commerce day by day and even weekly or month-to-month. Therefore any
obtainable quotes on these securities could also be pretty much as good because it will get to ascertain
truthful worth, or trades and quotes on comparable securities. There may be sometimes a
hierarchy as bonds get increasingly illiquid.”
10 Instances Extra Pre-trade
Information than the Competitors
The above-mentioned
options are made doable by an AI-powered expertise, which collects 10
occasions extra pre-trade knowledge than another supply. How is that this doable?
“SOLVE’s
strategy to monitoring real-time commerce chatter is dramatically totally different from
different platforms in the marketplace. Whereas lots of our opponents act as ‘parsers’,
which depend on an expectation of consistency between messages, they virtually all
fall into the identical entice – attempting to imitate messages with quotes by means of
templates,” defined Grinberg.
SOLVE’s Ticker answer now seamlessly integrates SOLVE’s Quotes & Composite Pricing Market Information exhibiting Municipal pre-trade quotes alongside historic commerce knowledge. https://t.co/nvOaIp3cXA#MunicipalBonds #MarketData #InvestmentAnalysis #PreTradePricingData #TradeQuotes
— SOLVE (@SOLVEfixdincome) October 30, 2023
The corporate depends on a versatile strategy involving pure language processing and machine
studying. Whereas parsers would want to know a message’s particular inflexible format
upfront to decode it, SOLVE would not must know what messages seem like,
permitting the platform to extract quotes extra precisely and in real-time.
“The place
most parsers fall quick is the fact that there’s little or no consistency in
messages between merchants, leading to missed quotes and plenty of false
positives,” Grinberg added.
The SOLVE
strategy is extremely differentiated, which leads to considerably increased knowledge
protection. In accordance with Grinberg, one of many firm’s opponents claims to be
seeing “about 100,000 quotes per day” after they see “about
18,000,000 in that very same asset class.”
SOLVE Acquires Benefit Information, Lumesis and
Works on New Merchandise
The
acquisitions of Benefit Information and Lumesis have additionally performed an important function in
enhancing SOLVE’s choices. These corporations introduced beneficial merchandise centered
on main markets, which SOLVE has considerably improved by integrating its
personal knowledge choices. Consequently, SOLVE has been capable of present much more
worth to its purchasers.
“Each
Benefit Information and Lumesis had unimaginable merchandise centered on Main Markets
and enabling bankers, analysts, underwriters, and syndicates to drive higher
decision-making. We noticed a possibility to considerably improve these merchandise
with SOLVE’s knowledge choices and by boosting their potential to supply worth to
purchasers,” Grinberg commented.
By way of
regulatory compliance, the platform presents instruments that assist establishments adhere
to guidelines and laws successfully. Quotes are leveraged in numerous methods,
particularly for the needs of “Greatest Execution,” offering a
point-in-time view of accessible knowledge when a transaction is made.
As for the
future, SOLVE is engaged on a couple of new tasks. “There are a selection of
merchandise within the pipeline that may add much more revolutionary analytics and
visualization options to assist purchasers interpret market knowledge and generate
P&L alternatives,” Grinberg concluded.
The
fixed-income knowledge and analytics specialist SOLVE just lately launched a brand new platform
that guarantees to redefine how professionals within the sector function. The platform
aggregates a complete set of historic and real-time knowledge and presents insights
that permit customers make knowledgeable selections.
This transfer
comes on the heels of the current acquisitions of Benefit Information and
Lumesis, solidifying its place within the area of fixed-income knowledge. Finance
Magnates spoke with SOLVE’s Co-Founder and CEO, Eugene Grinberg, in regards to the
firm’s newest platform and the way it can gather ten occasions extra pre-trade
knowledge than different obtainable sources.
The SOLVE
platform is designed to fulfill the various wants of establishments, starting from
figuring out new buying and selling alternatives to regulatory compliance. It’s powered
by Deep Market Perception, a expertise that, in line with its creators, delivers
essentially the most correct fixed-income knowledge set obtainable. This expertise eliminates
the necessity for a whole lot of hours spent on knowledge analysis and evaluation, thereby
decreasing danger and driving development.
“We
leverage Deep Market Perception in two parallel methods – on the one hand, we
mixture quotes from the messages of particular person purchasers to prepare their agency’s
knowledge after which the identical mechanism is used to mixture quotes contributed by our
huge community of buy- and sell-side contributing purchasers,” Eugene Grinberg, commented to Finance Magnates.
Supply: SOLVE
He additionally
emphasised the platform’s potential to fulfill the particular necessities of enormous
institutional prospects, together with bankers, underwriters, issuers, and lots of
others. “With the SOLVE Platform in place, establishments can value bonds
and securities on a real-time foundation with nice confidence,” the CEO mentioned.
Due to this fact,
the brand new software stands out for its strategy to knowledge assortment. For instance, the
firm presents a variety of options, together with real-time pre- and post-trade
pricing, intensive protection of illiquid securities, and regulatory compliance
options for the municipal bond market.
“To
present most transparency, we overlay pre-trade quotes with post-trade
pricing. When trying to confirm truthful market worth of bonds, the very best
indicator is a materialized commerce,” Grinberg defined. “Nonetheless,
most securities do not commerce day by day and even weekly or month-to-month. Therefore any
obtainable quotes on these securities could also be pretty much as good because it will get to ascertain
truthful worth, or trades and quotes on comparable securities. There may be sometimes a
hierarchy as bonds get increasingly illiquid.”
10 Instances Extra Pre-trade
Information than the Competitors
The above-mentioned
options are made doable by an AI-powered expertise, which collects 10
occasions extra pre-trade knowledge than another supply. How is that this doable?
“SOLVE’s
strategy to monitoring real-time commerce chatter is dramatically totally different from
different platforms in the marketplace. Whereas lots of our opponents act as ‘parsers’,
which depend on an expectation of consistency between messages, they virtually all
fall into the identical entice – attempting to imitate messages with quotes by means of
templates,” defined Grinberg.
SOLVE’s Ticker answer now seamlessly integrates SOLVE’s Quotes & Composite Pricing Market Information exhibiting Municipal pre-trade quotes alongside historic commerce knowledge. https://t.co/nvOaIp3cXA#MunicipalBonds #MarketData #InvestmentAnalysis #PreTradePricingData #TradeQuotes
— SOLVE (@SOLVEfixdincome) October 30, 2023
The corporate depends on a versatile strategy involving pure language processing and machine
studying. Whereas parsers would want to know a message’s particular inflexible format
upfront to decode it, SOLVE would not must know what messages seem like,
permitting the platform to extract quotes extra precisely and in real-time.
“The place
most parsers fall quick is the fact that there’s little or no consistency in
messages between merchants, leading to missed quotes and plenty of false
positives,” Grinberg added.
The SOLVE
strategy is extremely differentiated, which leads to considerably increased knowledge
protection. In accordance with Grinberg, one of many firm’s opponents claims to be
seeing “about 100,000 quotes per day” after they see “about
18,000,000 in that very same asset class.”
SOLVE Acquires Benefit Information, Lumesis and
Works on New Merchandise
The
acquisitions of Benefit Information and Lumesis have additionally performed an important function in
enhancing SOLVE’s choices. These corporations introduced beneficial merchandise centered
on main markets, which SOLVE has considerably improved by integrating its
personal knowledge choices. Consequently, SOLVE has been capable of present much more
worth to its purchasers.
“Each
Benefit Information and Lumesis had unimaginable merchandise centered on Main Markets
and enabling bankers, analysts, underwriters, and syndicates to drive higher
decision-making. We noticed a possibility to considerably improve these merchandise
with SOLVE’s knowledge choices and by boosting their potential to supply worth to
purchasers,” Grinberg commented.
By way of
regulatory compliance, the platform presents instruments that assist establishments adhere
to guidelines and laws successfully. Quotes are leveraged in numerous methods,
particularly for the needs of “Greatest Execution,” offering a
point-in-time view of accessible knowledge when a transaction is made.
As for the
future, SOLVE is engaged on a couple of new tasks. “There are a selection of
merchandise within the pipeline that may add much more revolutionary analytics and
visualization options to assist purchasers interpret market knowledge and generate
P&L alternatives,” Grinberg concluded.
