SOLVE Px™ | Power of SOLVE Quotes

SOLVE has produced an artificial intelligence-driven predictive pricing platform that accurately predicts the next trade price for 900,000 municipal bonds. SOLVE Px™ leverages our unique observable market quotes data (SOLVE Quotes™), along with reference and trade data, to generate size- and side-specific predictive prices in real time.

Since the value of predictive pricing is intrinsically tied to its accuracy, SOLVE continuously examines the impact of various factors on the accuracy of the SOLVE Px output. This includes the AI and Machine Learning (“AIML”) models themselves, as well as the data that is used by those models. Since one of the key differentiators is the addition of our proprietary Quotes data, we aim to measure that data’s impact on the accuracy of the predictions.

This paper analyzes SOLVE’s proprietary Quotes data, evaluating its significance and impact on SOLVE Px. It examines the volume of Quote contributions, the accuracy of pricing with and without Quotes, and finally, the importance of quotes within the AIML pricing model.

About SOLVE

SOLVE is the leading market data platform provider for Fixed-Income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in New York, with offices across the globe, SOLVE is the definitive source for market pricing in Fixed-Income markets.