This Week: Overbond pairs with Deutsche Börse, Finsemble; SIX, FlexTrade partner; & more

Overbond announces partnerships with Deutsche Börse, Finsemble

Canadian fixed-income analytics company Overbond has entered into an agreement with German stock exchange Deutsche Börse. The pairing will give Overbond customers access to post-trade datasets provided by Deutsche Börse subsidiary ClearStream. The agreement will specifically allow Overbond to offer insights and analytics in Eurobonds settled by ClearStream. By incorporating Clearstream data, Overbond’s AI can generate pre-trade pricing and liquidity analytics, allowing traders to automate up to an estimated 40% of their trades.

Also this past week, Overbond partnered with interoperability vendor Finsemble. Through it, traders can more easily connect Overbond’s AI algorithm suite to mission-critical systems, such as an order management system, thus enabling faster decision-making and increased efficiency.

SIX and FlexTrade collaborate on market pricing data

SIX, a global financial information provider, and FlexTrade Systems, a company that works in the execution and order management space, have integrated global real-time market pricing and reference data from SIX into FlexTrade’s cloud-based EMS, Spark. Traders using Spark will now have access to real-time global market data through various platforms, including desktop, browser, and API.

The integration offers a pre-packaged trading tool that can reduce time-to-market for new-fund launches. This collaboration aims to streamline trading processes and provide traders with up-to-date market data.

DTCC Europe joins Financial Markets Standards Board

The Financial Markets Standards Board (FMSB) announced that DTCC Europe Limited, a subsidiary of the Depository Trust & Clearing Corporation, has joined the global standards body aiming to provide a fair and effective wholesale financial market.

“We are pleased to be joining FMSB following our participation in the Bank of England’s Post-Trade Task Force, which moved to FMSB last year,” said Michalis Sotiropoulos, Executive Director, DTCC, in the release. “We look forward to contributing to FMSB’s important role in further developing and delivering on the Task Force’s recommendations, as well as to shaping standards which support transparent, fair and effective wholesale financial markets.”

Horizon Software to work with Arqaam Capital

Horizon Software, a provider of electronic trading solutions, has announced that Arqaam Capital, a trading member on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM), will utilize Horizon’s Electronic Market Making (EMM) solutions for its newly-established market making desk.

Arqaam Capital will leverage Horizon’s connectivity to ADX and DFM, as well as its connections to over 80 other exchanges worldwide, to conduct market making activities in the Middle East region for stocks, derivatives, and ETFs. Horizon’s market making solution, used by over 50 market makers globally, offers an automated and low-latency solution encompassing pricing, risk management, and auto-hedging capabilities.

Orchestrade announce deal with TCMPartners

Orchestrade, a provider of cross-asset, front-to-back trading as well as a risk management platform, announced the signing of an alliance agreement with TCMpartners, a professional services organization focused on Treasuries and capital markets, with offices in Latin America and Europe.

The deal will enhance the localization, implementation, and delivery of cloud-based services around the Orchestrade platform. Leveraging the system, organizations can accelerate the modernization of their front-, middle- and back-office technology, and trade new products.