Overbond has partnered with TMX Group, to integrate CDS FIPS settlement-layer Canadian bond data into Overbond AI fixed income trading tools and analytics. This integration directly addresses the data challenges facing Canadian asset managers when they are pricing Canadian bond portfolios, structuring and rebalancing new portfolios, and seeking to construct and use pricing and liquidity time series. The Overbond-TMX partnership gives both Overbond and CDS FIPS users access to the deepest coverage of Canadian fixed income trade data, provides for enhanced pre-trade and post-trade analytics and enables more accurate best-executable pricing and liquidity discovery for Canadian bonds.

CDS FIPS combines executed trade settlement data with custody activity data from both electronic and voice trades (OTC trades) to provide the only available complete daily volume information on Canadian fixed income trades reported to CDS Clearing and Depository Services Inc. The service covers more than 40,000 Canadian corporate and government bonds. Integrating OTC trade volumes into Overbond AI models enhances the precision of bond liquidity scoring and best executable pricing. CDS FIPS enriched data enables more accurate measurement of the traded volume of Canadian dollar denominated OTC trades — data that is otherwise not found in any other electronic venue data feed or composite pricing data feed.