Overbond, the first fintech platform in the new bond issuance market, today announced a partnership with Thomson Reuters to integrate fixed income market data and analytics within the Overbond platform.

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Through Thomson Reuters Labs, the companies will also explore opportunities to drive further innovation in the fixed income capital markets through collaborative research and development.

Overbond, which launched its digital platform for primary bond origination in June this year, is the first fully-integrated platform to directly connect corporate and government bond market issuers with dealers and fixed-income investors.

The proprietary platform features end-to-end processing capability and a support framework for primary bond origination transforming primary bond issuance into a fully-digital, transparent, and secure process from pre-deal research straight through to deal execution.

Overbond’s cloud-based platform modernises all aspects of bond origination.

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Vuk Magdelinic, CEO of Overbond, commented: “Access to Thomson Reuters data universe and market analytics within the Overbond platform optimizes price discovery for participants in the primary bond origination market. Through our partnership with Thomson Reuters, the Overbond platform now provides market participants with unparalleled price discovery capabilities to help them navigate what is currently a very challenging fixed income market.”

Overbond’s cloud-based platform modernises all aspects of bond origination by providing secure communications, price discovery, and custom reporting and analytics, while reducing operational risk and transaction costs for issuers, dealers, and investors.

With secondary market liquidity significantly reduced, it is challenging to benchmark and price discover new bond offerings. The integration of the Thomson Reuters data product suite is designed to improve the flow of information and increase transparency by providing Overbond users with access to essential data and analytics required for effective price discovery in the primary bond origination market.

Jamie Grant, Global Head of Rates & Credit at Thomson Reuters, said: “This integrated offering from Overbond  is a step forward in addressing current secondary market liquidity challenges and enabling digital bond origination. Thomson Reuters open platform strategy enables us to support innovation across financial markets. We look forward to working with the team at Overbond to develop innovative new solutions that solve some of the most complex challenges faced by the participants in the primary bond market, such as transparency and efficient allocation of capital.”

Background

Founded in 2015, Overbond has transformed how global investment banks, institutional investors, corporations and governments connect and access the primary fixed income market.

Overbond’s fully-digital platform for primary bond issuance eliminates inefficiencies, provides higher transparency, optimal price discovery, and investor diversification for all counterparties in the primary bond market.