H2O.ai Empowers MarketAxess to Innovate in Capital Markets
"H2O is an integral part of Composite+ pricing engine and provides some of the fundamental machine learning that makes our algorithms run better and to fulfill our clients' critical liquidity needs with more accurate and timely pricing data within the MarketAxess electronic trading workflow."David Krein Global Head of Research at MarketAxess
- Predictive Analysis
Overview of the Challenge
The lack of liquidity in bond markets has traditionally made predicting bond prices challenging. In order to provide higher transparency and find the most consistent and accurate prices to help traders become more confident as price makers, MarketAxess relied on machine learning to develop Composite+, a proprietary algorithmic pricing engine for corporate bonds that leverages a range of proprietary and industry data sources, with updates up to every 15 seconds.