TS Imagine adds 7 Chord’s artificial intelligence pricing to fixed income EMS

TS Imagine has made 7 Chord’s BondDroid AI available within its TradeSmart fixed income execution management system (EMS).

BondDroid AI applies real-time continuous learning technology to provide pricing and analytics for thinly traded financial instruments.  

The offering claims to not need to be taken offline, allowing it to deliver accuracy and relevance to its users, while also avoiding periodic retraining.

“BondDroid AI has been optimised for live trading environments and is the only real-time pricing solution customisable to extract actionable real-time pricing signals and insights from clients’ proprietary, public, or commercially available data,” said Kristina Fan, chief executive and co-founder of 7 Chord.

“As a conduit for real-time data, TradeSmart is the perfect host for BondDroid AI.” 

The integration will enable TradeSmart users to access BondDroid AI’s streaming prices and analytics before and after US market hours each trading day.

This continuous stream of information can lead to improved risk management and profit-maximising decisions, namely in response to overnight developments. 

“As the movement towards more electronic trading in fixed income markets coincides with the generative AI boom, bond traders now stand to benefit from AI insights derived from real-time data,” said Spencer Lee, chief markets officer and head of fixed income at TS Imagine.

“This further cements our view that the EMS is an ideal incubator for AI and that the time is ripe for broad adoption.” 

Over the past year, TS Imagine has made several key developments to its TradeSmart platform.

Last month, TS Imagine integrated municipal bond markets player, TDS Automated Trading (TDSAT), into TradeSmart.

In February, TS Imagine boosted its fixed income offering through connection to ICE Bonds, providing clients with access to fixed income execution protocols and liquidity.