Founded Year

2016

Stage

Seed | Alive

About 7-Chord

7-Chord is a quantitative trading firm that uses machine learning to automate pricing and execution in the corporate bond market.

7-Chord Headquarter Location

Dock 72, Brooklyn Navy Yard 63 Flushing Avenue

Brooklyn, New York, 11205,

United States

646-688-5732

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7-Chord's Products & Differentiation

See 7-Chord's products and how their products differentiate from alternatives and competitors

  • BondDroid Cloud

    Live streaming prices of corporate bonds throughout the day

    Differentiation

    Uses Machine learning to produce prices once per minute. Defferentions is that it reacts quickly to market regime changes ( like March 2020) and built for live trading. 

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    Differentiation

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  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Expert Collections containing 7-Chord

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

7-Chord is included in 3 Expert Collections, including Capital Markets Tech.

C

Capital Markets Tech

814 items

Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.

B

Banking

379 items

Startups providing solutions to banks to automate processes and operations.

F

Fintech

7,442 items

US-based companies

Latest 7-Chord News

7 Chord is the First AI Pricing Vendor to Integrate Glimpse Markets' Bond Transaction Data

Nov 30, 2021

News provided by Share this article Share this article NEW YORK, Nov. 30, 2021 /PRNewswire/ -- 7 Chord, Inc., an independent provider of predictive prices and analytics to fixed income traders, issuers, and investors, today announced that it became the first AI pricing vendor to enter into a strategic data partnership with Glimpse Markets, a newly-formed network of buy-side institutions sharing secondary market transaction data. This partnership enables BondDroidⓇ, 7 Chord's award-winning AI engine, to consume Glimpse-aggregated execution levels for hard currency-denominated Emerging Markets sovereign bonds and EUR- and GBP-denominated corporate bonds. In contrast to US market, where FINRA-developed TRACE facilitates the mandatory reporting of over-the-counter transactions in eligible fixed income securities, no such consolidated tape exists in European primary and secondary bond markets. Similarly, the $65 trillion global Sovereign, Supranationals, and Agency market is dogged by inefficiencies due to the lack of a consolidated transaction data source. "BondDroidⓇ, just like many real-time AI pricing engines, requires high-quality training data to produce predictive bond prices and systematically evaluate their accuracy. In the US, the availability of TRACE allowed for the predictive pricing and analytics industry to flourish. When used in a similar manner, Glimpse-aggregated transaction data unlocks an opportunity to bring accurate predictive pricing to the European corporate and Sovereign debt markets," said Kristina Fan, CEO of 7 Chord Inc.  Optimized for the live trading environment, BondDroidⓇ can be installed behind a client's firewall as a customizable software package that extracts highly accurate pricing signals from public, vendor, and proprietary data without it ever leaving a client's corporate environment. 7 Chord also offers BondDroidⓇ Cloud, a managed and hosted version of BondDroidⓇ that uses its computing power and ingests datasets curated by its data science team. BondDroidⓇ Cloud currently prices 53,000+ debt securities and streams minute-by-minute predictive price updates on more than 20,000 global high-grade bonds, high yield bonds, and emerging markets sovereign bonds. Glimpse plans to officially launch its buy-side data sharing platform in Q1 2022 with at least 12 asset managers who will actively contribute transaction data. Among the platform's founding members are such prominent names as Invesco, Columbia Threadneedle, Carmignac, Quoniam, Cowen, PGGM, Allianz Global Investors, Exoé, NN Investment Partners, and Groupama Asset Management. "I'm delighted to announce our new partnership with 7 Chord, who will be using the Glimpse data from our launch early next year to power their cutting-edge predictive pricing engine. This is a compelling use case for our unique dataset, and I look forward to working closely with 7 Chord over the coming months as we bring this to market," said Paul O'Brien, CEO of Glimpse Markets. About Glimpse Glimpse is a buy-side data pooling platform for institutional bond traders, focused initially on the European investment grade and high yield credit markets. Underpinned by a "Give to Get" model, buy-side clients who contribute their trading data receive all aggregated data from the network for free. About 7 Chord 7 Chord, Inc. is an independent provider of predictive pricing and analytics. BondDroidⓇ, its award-winning proprietary AI engine, is used by traders, and investors to stream predictive prices and signals for individual bonds. Optimized for the live trading environment, BondDroidⓇ can be installed behind the client's firewall as a customizable software package that extracts highly accurate pricing signals from the public, vendor, and proprietary data without it ever leaving a client's corporate environment. Don't want to manage AI in-house? 7 Chord offers BondDroidⓇ Cloud, a managed and hosted version of BondDroidⓇ that uses its computing power and datasets curated by its data science team. www.7-chord.com . 7 Chord Inc.

7-Chord Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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7-Chord Rank

  • When was 7-Chord founded?

    7-Chord was founded in 2016.

  • Where is 7-Chord's headquarters?

    7-Chord's headquarters is located at Dock 72, Brooklyn Navy Yard, Brooklyn.

  • What is 7-Chord's latest funding round?

    7-Chord's latest funding round is Seed.

  • Who are the investors of 7-Chord?

    Investors of 7-Chord include Barclays Accelerator.

  • Who are 7-Chord's competitors?

    Competitors of 7-Chord include Overbond and 5 more.

  • What products does 7-Chord offer?

    7-Chord's products include BondDroid Cloud and 4 more.

  • Who are 7-Chord's customers?

    Customers of 7-Chord include Broadridge LTX.

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