SOLVE, a provider of pre-trade data and predictive pricing for fixed income securities markets, has acquired MBS Source, a specialist in data and trading solutions for the mortgage- and asset-backed securities (MBS/ABS) market. This transaction aims to enhance SOLVE’s capabilities in fixed income data and analytics, expanding the AI-driven insights available to the market.
The integration of SOLVE’s multi-asset coverage with MBS Source’s focus on structured products is intended to offer expanded tools and insights for both buy-side and sell-side institutions. Clients of both firms are expected to gain new methods for analyzing and acting on fixed income opportunities, with service continuity.
Eugene Grinberg, CEO of SOLVE, stated, “SOLVE’s mission has always been to give institutions the tools, data, and insights they need to make better decisions across the fixed income markets. SOLVE and MBS Source are built on a common foundation – AI-powered data curation and predictive analytics. Together, we’re providing a richer, more powerful view across fixed income.”
SOLVE, founded in 2011 and headquartered in Stamford, Connecticut, already covers over 150,000 structured securities, with daily visibility into more than 20,000 securities and over 120,000 quotes. MBS Source, based in Mercer Island, Washington, serves over 100 buy-side and sell-side clients. Its offerings, which include predictive pricing for agencies, a predictive prepayment model, a “worst to deliver” product for TBAs, derived TRACE, and new issue capabilities, will expand SOLVE’s dataset with additional analytics and trading functionality. MBS Source’s AI-driven methods for data collection are also expected to extend the value of the combined platform.
Mihai Szabo, Founder of MBS Source, commented, “Our clients trust us for our focus on structured products and innovation in predictive analytics. Joining forces with SOLVE allows us to bring these strengths to a wider audience, while ensuring that we continue to deliver the quality and reliability our customers expect.”
TechStrat served as the exclusive M&A advisor to MBS Source during the acquisition.
