7 Chord Brings AI to Bond Trading - Markets Media

In a market where learning the last price can be a lift, what is the value of learning the next price? The emerging fintech firm's BondDroid Auto-Pricer goes beyond traditional pre-trade and post-trade data collection and utilization efforts, by using artificial intelligence to predict the next bid and ask price for the majority of the investment grade and crossover bonds traded in the market. The corporate bond market has for years been known for its fragmentation and unique liquidity challenges. Data quality is improving, but outside of the most heavily traded issues -- which represent a small fraction of the overall market -- pricing can still be more art than science. This is an opportunity for a solutions provider such as 7 Chord.