This company provides AI-powered solutions for real-time pricing in credit trading. Their neural network technology helps fixed income traders outperform outdated mathematical models and end-of-day pricing. The platform delivers actionable pricing data directly into existing trading workflows for improved spread capture.
Funding
Funding not disclosed
Founders
Product
Problem
Credit trading has traditionally relied on end-of-day pricing and outdated mathematical models, leading to inefficiencies and missed opportunities for optimal spread capture. The complexity of corporate bond markets, characterized by illiquidity and opaque data, makes it difficult for traders to identify accurate real-time pricing and potential trading opportunities.
Solution
Deep MM offers an AI-driven platform that provides real-time pricing and analytics for credit trading, enabling users to improve risk-adjusted spread capture. The platform uses neural networks with a large number of parameters to analyze a wide range of data sources, including TRACE, equities, rates, news, and company filings, to generate accurate fair market value (FMV) estimates. Deep MM's solution includes an alerting system that notifies users of price targets and volatility thresholds, as well as a "Runs" function that automates the process of sending out accurate markets on a large number of securities. The platform also offers issuer and portfolio screens that help users identify dislocations and trends within individual capital structures and across the market.
Target Audience
The primary target audience includes sell-side traders, portfolio managers, and other credit professionals who need accurate, real-time pricing and analytics to improve trading efficiency and identify market opportunities.
Features
- AI-powered pricing model with over 80 million parameters, incorporating a wide range of data sources
- Real-time alerts for price targets and volatility thresholds
- "Runs" function for automated market updates on a large number of securities
- Issuer screen for identifying dislocations and trends within individual capital structures
- Portfolio screen for customized market monitoring and analysis
- Historical pricing data for identifying market trends and generating trading ideas
- Bid/dealer/offer indications that fluctuate in real-time with transaction volume and price discovery
- Percentile-based adjustments for real-time pricing estimates, reflecting market maker or market taker roles