Bonds

Market data platform SOLVE launches new platform

Market data platform SOLVE has launched a new platform that provides information for market professionals through the aggregation, curation and delivery of available historical and real-time fixed-income data.

Some of the resources available include color from SOLVE’s AI-powered technology, regulatory compliance solutions, coverage of illiquid securities and a suite of tools for new-issue and secondary market participants.

The SOLVE platform allows market participants the necessary information to “issue, trade or value securities quickly and with confidence,” through “a suite of tools that power the issuance, trading, and valuing of fixed income securities,” according to a press release.

Through the use of SOLVE’s platform, clients are able to save countless hours daily as the platform has real-time access to market color, said SOLVE CEO Eugene Grinberg.

The platform also reduces risk and gives users greater certainty with their transactions as it provides full visibility into the market and the best information available, he said.

Additionally, the platform allows users to “focus on their business, generate trade ideas and ultimately generate P&L,” Grinberg said.

SOLVE’s suite of products currently has more than 300 customers using the data and has become a “critical part of their fixed-income strategy to get visibility to markets, which traditionally has not been the case,” Grinberg said.

The SOLVE Platform comes after the company acquired analytics platform and data provider Advantage Data and fintech company Lumesis.

“This is the next step in the evolution of the business,” Grinberg said. “The goal is to present a singular unified platform that combines all the asset classes, all the personas, all the products from the legacy businesses.”

Prior to the acquisitions, SOLVE’s core product was leveraging natural language processing, artificial intelligence and machine learning to “extract quotes from the chatter between market participants,” he said.

Through its acquisition of Lumesis in September 2022, SOLVE gained Lumesis’ products that serve different parts of the muni market, according to Grinberg.

The Lumesis products now part of the SOLVE platform help in “every step of the journey of creating a municipal bond,” he said.

This starts with bankers identifying opportunities in the market and issuing new securities. From there, a team of underwriters tries to price the bond based on recent comparables, which is where SOLVE’s platform comes into play.

Once the bonds are issued in the market, there are now tools for the buy side and sell side to make sure the bonds are trading at proper levels, he said.

“In the muni space, the combination of what has been developed by the Lumesis team to fill that muni continuum, in addition to the real-time quotes SOLVE products are bringing to our clients,” he said. “That allows us to serve the entire ecosystem in the muni space.”

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