BondTrace

BondTrace is a web app (with a lightweight mobile companion) that turns the opaque corporate bond market into something you can actually act on. It ingests TRACE prints and related reference data, then normalizes it into a clean, searchable tape with filters that matter: odd-lot vs institutional size, dealer-to-customer signals, time-since-last-trade, bid/ask spread proxies, and liquidity scores. Users can set alerts for “real” liquidity events (e.g., first meaningful trade in 10 days, spread tightening, unusually large prints) and build watchlists for specific issuers, CUSIPs/ISINs, sectors, and maturity buckets. An AI layer summarizes what changed today in your watchlist and flags anomalies, but the core value is fast, trustworthy market microstructure visibility. This isn’t a trading platform; it’s decision support for better execution and timing.