CBXmarket Launches Rules-Compliant Fixed Income Portfolio Optimization Module

NEW YORK, April 23, 2019 /PRNewswire/ -- The scope of the debt markets lends itself to the application of optimization algorithms that can synthesize mass quantities of information more efficiently than human analysts. However, legacy approaches to portfolio optimization designed for the equity markets struggle to account for structural nuances in the bond markets.

Leveraging their fixed income expertise, CBXmarket's team developed an optimization module that accounts for bond market idiosyncrasies like illiquidity, high transaction costs and minimum piece sizes associated with individual credits. Users can also codify custom guidelines, targets and constraints across 350+ security- and portfolio-level metrics. This allows users to control for specific exposures while implementing investment strategies in the context of performing optimization exercises. 

"A critical component of our optimizer is its scalability. Not only can the module generate trade suggestions in seconds, it can perform these calculations concurrently across thousands of portfolios," said Casper Stromfeldt, Lead Engineer on the project. The result is a customizable solution that automates the arduous processes of constructing and rebalancing portfolios, investing excess cash and simultaneously prioritizing trade allocations across thousands of accounts. 

According to CBXmarket's CEO, Erik Zoega, "Firms that expect to remain competitive in the face of downward fee pressure driven by the shift towards passive investment products can't afford to delay augmenting their teams with decision enhancement and process automation technology. Our clients are arriving at better outcomes in a fraction of the time it previously took to perform these exercises manually."

About CBXmarket

CBXmarket develops innovative financial technology solutions for fixed income investors.

OASIS is a cloud-based portfolio management platform built to streamline the fixed income investment process for asset & wealth managers. Powered by a native CUSIP database, process automation and portfolio optimization capabilities allow users to efficiently tackle daily workflow challenges and focus on alpha generating initiatives. With OASIS, investors can access granular security- and portfolio-level analytics, monitor account holdings and perform detailed scenario analysis. Robust optimization tools can generate security-level trade recommendations to simultaneously align all portfolios with their respective compliance guidelines and investment targets.

The CBXmarket team combines industry expertise with the brightest minds in software engineering to deliver cutting-edge technology that transforms portfolio optimization, risk management and idea generation processes.

Press Contact

John Mizzi
734-355-0973
[email protected]
https://www.cbxmarket.com

SOURCE CBXmarket

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