Genesis Global, the low-code application development platform built specifically for financial markets organizations, has launched AI-driven data services on its platform and bond market solution to automatically process pricing data and other deal terms received by asset managers data via email and instant messages.
Tracking bond trades entering the market is complex for asset managers because syndicate banks use multiple channels to transmit terms and other trade information. This makes achieving a unified view of the market in real time a significant challenge because it requires combining unstructured data in email and instant message with information from deal platforms such as DirectBooks and Ipreo (S&P Global).
New AI-based data services in the Genesis Primary Bond Issuance solution automatically interpret and extract transaction information contained in emails and instant messages and present it with other bond deal data sources used by an asset manager. When aggregating trade data, regardless of source or format, Genesis creates a holistic view of the market as part of a deal-focused workspace that accelerates the way investment teams evaluate deals and request allocations.
“Our solution helps asset managers request distributions as quickly as possible. This capability starts with building a comprehensive picture of the primary bond market by combining structured and unstructured data,” said Rahul Kambli, product manager for Primary Bond Issuance at Genesis Global. “AI is a perfect technology for processing bond transaction data because of the limitless ways a syndicated bank can present information using email and chat.”
Genesis uses a proprietary long language model (LLM) to interpret and extract financial data from unstructured text. Using a private model allows Genesis to keep customer data private, directly train the model on a specific use case, calibrate its performance, and control costs.
The AI components in the bond market solution come from the AI services layer in the Genesis platform that drives all Genesis solutions.
“Genesis is a technology catalyst because we can deliver the benefits of artificial intelligence within a framework that financial firms already understand,” said Tej Sidhu, Chief Technology Officer at Genesis Global. “Innovation such as the bond deal data processor are part of the AI service layer that enhances the operational, technical and financial element of the business that includes the Genesis application development platform.”
In addition to data integration and management, Genesis’ Primary Bond Issuance solution integrates with an asset manager’s analytics, reporting, compliance and order management systems to create a single environment for all primary bond issuance workflows purchase. It also offers built-in collaboration tools and alerts to facilitate efficient decision-making by portfolio managers, credit analysts and traders.