Trumid launches its enhanced Fair Value Model Price (FVMP) tool, which aims to deliver predictive pricing for around 22,000 US corporate bonds every 30 seconds by combining internal trading data with external inputs.
Trumid, the challenger fixed income electronic trading platform company, has announced an upgrade to its FVMP predictive pricing model for US corporate bonds. The tool now broadcasts predicted prices every 30 seconds for approximately 22,000 US$ denominated corporate bonds. It uses trading activity from its own platform alongside external data sources such as TRACE prints to produce the predicted prices and is designed to support functions including pre‑trade analysis, market‑making and portfolio management.
in the space, Market leaders, MarketAxess and Tradeweb offer respectively CP+, and Ai Price.
Jason Quinn, chief product officer and global head of sales said: “FVMP is a critical part of Trumid’s evolving automation story and a testament to our ongoing investment in data and data-driven solutions.”
Trumid emphasised the use of machine learning techniques to make the predictive tool suited for all market environment and less historically biased.
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