Overbond AI

Toronto-based Overbond provides AI-driven data analytics and trade automation solutions for the global fixed-income markets. The company has developed advanced machine learning models that generate predictive analytics, including pre-trade pricing, liquidity scoring, risk tiering, and margin modeling for over 100,000 corporate bonds and fixed-income ETFs.

Overbond's platform aggregates and normalizes data from various sources, including exchanges, trading platforms, and settlement layers. By applying proprietary AI algorithms to this data, the company aims to enhance price discovery, market transparency, and liquidity in fixed-income trading. 

The company also operates an AI-driven Smart Order Routing (SOR) system (launched in September 2023) that provides a holistic view of order breakdowns for traders. 

Key customers and partnerships 

In September 2022, Overbond partnered with TMX Group to incorporate Canadian Depository for Securities (CDS) fixed-income price data into its AI models. This integration provides asset managers access to Canadian fixed-income trade data, enabling more accurate executable pricing and liquidity discovery for Canadian bonds.

In May 2023, Overbond entered an agreement with Deutsche Börse Market Data + Services to incorporate Clearstream Bond Liquidity Data into its offerings. This partnership allows Overbond to access settlement-level fixed-income transaction data derived from the 170 million transactions processed annually by Clearstream across various currencies and markets.