The startup offers a predictive pricing and trend forecasting platform that utilizes machine learning to automate trading in corporate bonds by analyzing public, vendor, and proprietary data. This technology enables traders to accurately predict bid and ask levels for high-grade, high-yield, and emerging market bonds, thereby reducing execution costs and enhancing investment decision-making.
Funding
$7.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Corporate bond trading lacks the transparency and efficiency of equity markets, making it difficult for traders to accurately assess bond values and predict market trends. This opacity leads to increased execution costs and suboptimal investment decisions.
Solution
7 Chord provides an AI-powered predictive pricing and trend forecasting platform designed to automate trading in corporate bonds. BondDroid, their flagship product, analyzes public, vendor, and proprietary data to predict bid and ask levels for over 30,000 corporate bonds, including high-grade, high-yield, and emerging market bonds. The platform employs over 500 pricing bots, each representing a unique trading persona, to deliver accuracy across various market conditions, issuer credit quality, and instrument lifecycles. BondDroid offers an auto-quoter feature that automates quote generation by adjusting predicted price levels based on a dealer's risk appetite and positioning.
Target Audience
The primary target audience includes institutional traders and investors, asset managers, financial intermediaries, ETF traders, and liquidity providers in the corporate bond market.
Features
- BondDroid Auto-Pricer: Predicts trade bid and ask levels for 30,000+ corporate bonds using AI.
- BondDroid Auto-Quoter: Automates quote generation for market making.
- BondDroid Alpha (Coming Soon): Constructs bond portfolios and predicts bond prices over extended time horizons.
- Employs over 500 pricing bots, each representing a unique trading persona.
- Offers an option to install the AI system in clients’ corporate environments, behind internal firewalls.
- Provides standard APIs to extract tradeable insights from proprietary data.
- Delivers AI-generated prices in bulk data format through Quandl.
- Offers real-time accuracy monitoring and daily backtest reports.