FinTech firms team up to bring AI to global bond markets

BondIT to integrate Chinese market data from Wind Info to build on existing fixed income tool.

BondIT has teamed up with financial data and research provider for Chinese markets, Wind Info, to enhance its existing machine learning tool.

The agreement aims to bring artificial intelligence and machine learning to global fixed income markets, both firms said.

The partnership will see BondIT build on its existing big data and machine learning tools through integrating Wind Info’s research on Chinese markets.

Both parties said they will focus initially rolling out the advanced tools to more mature international markets, followed by a rollout in China.

BondIT has developed a data-driven bond portfolio construction tool which provides algorithmic recommendations to fixed income market participants.

“We specialise in fixed-income - and as widely known this is not a simple specialisation. It requires handling complicated, and at times completely absent, financial data with advanced data analytics methods and propriety machine-learning algorithms,” BondIT explained.

The agreement also includes an investment stake in BondIT by Wind Info.