Updated
Updated · Bond Buyer · Jun 17
SOLVE Says AI Pricing Lifted 70% of One Buyside Firm's Trades
Updated
Updated · Bond Buyer · Jun 17

SOLVE Says AI Pricing Lifted 70% of One Buyside Firm's Trades

1 articles · Updated · Bond Buyer · Jun 17

Summary

  • A large buyside shop found 70% of its trades were more profitable when it used SOLVE’s AI-generated prices instead of its own internal pricing, SOLVE chief product officer Tim Stevens said.
  • SOLVE said its model turns live market data into predictive bond-trading signals and is built to reduce the gap between where it expects a trade to occur and where it actually prints.
  • Clients use the pricing through SOLVE’s Perform front end, data feeds or APIs to set trading levels, feed internal pricing models and add guardrails to AI-driven workflows.
  • At the same fixed-income summit, AllianceBernstein and BlackRock argued for building in-house pricing systems, saying buyside firms can combine TRACE prints, dealer runs and customer bids into automated models.
  • The discussion highlights a broader build-versus-buy split in fixed income, with firms weighing customization and control against faster deployment, lower upfront costs and vendor dependence.

Insights

With in-house AI projects failing 67% of the time, is building a pricing system a competitive edge or a costly gamble?
When AI can automate trading decisions, what is the future role for the human bond trader in this new era?