Overbond Unveils OverbondX, Streamlining Bond Market Execution

Wednesday, 25/01/2017 | 11:36 GMT by Jeff Patterson
  • The new module helps mitigate operational risk and transaction costs for all parties.
Overbond Unveils OverbondX, Streamlining Bond Market Execution
Bloomberg

Overbond, one of the first fintech platforms in the new bond issuance market, has launched OverbondX, newly integrated deal Execution utility on its platform for investors, according to a company statement.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

The deployment of OverbondX allows for a number of different uses, enabling issuers of any caliber to execute both private placement and public offerings on a digital level. Moreover, the new module also allows investors to view and input orders within the Overbond platform itself, which helps mitigate operational risk and transaction costs for all parties.

The launch of OverbondX is important as it helps provide several new functionalities from its existing platform, including a more comprehensive perspective view of real-time deal communication, optimal price discovery, investor order book management, predictive Analytics , and other execution benefits.

Vuk Magdelinic

Vuk Magdelinic

Furthermore, the OverbondX module will also look to yield other benefits to bond market participants in the form of a more digitized deal execution process. In particular, issuers will be afforded more favorable market timing mechanisms and access to a broader investor base.

According to Vuk Magdelinic, Chief Executive Officer (CEO) of Overbond: “For the first time in the history of the bond market, corporate and government issuers, dealers and investors have all the tools required to digitally execute transactions for the entire primary bond issuance process, from pre-launch deal preparation to post-launch execution.”

Overbond, one of the first fintech platforms in the new bond issuance market, has launched OverbondX, newly integrated deal Execution utility on its platform for investors, according to a company statement.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

The deployment of OverbondX allows for a number of different uses, enabling issuers of any caliber to execute both private placement and public offerings on a digital level. Moreover, the new module also allows investors to view and input orders within the Overbond platform itself, which helps mitigate operational risk and transaction costs for all parties.

The launch of OverbondX is important as it helps provide several new functionalities from its existing platform, including a more comprehensive perspective view of real-time deal communication, optimal price discovery, investor order book management, predictive Analytics , and other execution benefits.

Vuk Magdelinic

Vuk Magdelinic

Furthermore, the OverbondX module will also look to yield other benefits to bond market participants in the form of a more digitized deal execution process. In particular, issuers will be afforded more favorable market timing mechanisms and access to a broader investor base.

According to Vuk Magdelinic, Chief Executive Officer (CEO) of Overbond: “For the first time in the history of the bond market, corporate and government issuers, dealers and investors have all the tools required to digitally execute transactions for the entire primary bond issuance process, from pre-launch deal preparation to post-launch execution.”

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
Head of Commercial Content
  • 5448 Articles
  • 113 Followers

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