This week, Origin launched support for ICMA's Bond Data Taxonomy 2.0. Clients are increasingly asking us to pull bond issuance data off the platform in a structured and digitised format. BDT 2.0 was published by ICMA on 27 April, and it joins Airbrush v3 and Clearstream&
ai
On Tuesday, SpaceX filed its IPO prospectus. The headline number is staggering — a $1.75 trillion valuation, with $50–80bn of equity to be raised. It would be the largest IPO in history by a wide margin. But the more interesting story isn't about the IPO market, it's about the bond market.
infrastructure
One of the features clients ask us about most often at Origin is something that, on the surface, sounds dull: instant ISIN generation. Click a button on a finalised termsheet, wait a few seconds, and the security has a code. It's not flashy. But it solves a problem that has plagued the bond market.
Last week, I wrote about how AI's breakout success in software engineering would be hard to replicate across the rest of knowledge work. Tasks fall on a spectrum from deterministic (objective right answer, machine-checkable) to non-deterministic (judgement, ambiguity). Coding sits at the deterministic end, which is why it
ai
AI-pilled: n. A rite of passage where an individual becomes fully awakened to AI’s possibilities, often triggered by an intense hands-on session—sometimes leading to a sleepless night of experimentation and awe.
When most people think of Origin, they think of documentation. And that makes sense - over the past 5 years, our Documentation product has become the industry standard for automating bond issuance documentation. But documentation is only half the story. The real value comes from what sits underneath: structured data.
A few months ago, I wrote about how AI was all anyone was talking about. It felt like 2025 would be the “year of AI.” It’s amazing how much has happened since. The news cycle over the past few months has been relentless. And, as everyone here knows, it’
Here we are in the first working week of 2025, and AI is everywhere. “Nvidia” is a household name - something that would have been hard to imagine just 2.5 years ago. According to Pew Research, as of Feb 2024, 23% of US adults have used ChatGPT at least
* Origin Intelligence combines the latest LLM technology with Origin’s proprietary data layer to extract up to 79 structured data points from bond termsheets and final terms * Extracted fields are based on Airbrush data taxonomy and include all relevant data points necessary for post-trade processing steps including: ISIN code allocation,
At Origin we have spent the last 5 years streamlining bond issuance by automating documentation. When users draft documents on the Origin platform, we capture the structured data about these new securities and enable a whole suite of automations and integrations. Tasks like requesting an ISIN, or setting up the
It might be hard to imagine now, but back in the ancient history of securities trading (ie the 1970s and 1980s), UK equities trades used to settle on a 2 week cycle. The advent of fax machines and telex machines helped bring that down to T+10, then T+5,
So, summer is well and truly over, and the market has had a rip-roaring return “back to school.” Excitingly for us, this week, Origin has hit an exciting new milestone, breaking another record in our Documentation product. We’ve now processed 140 transactions year to date via Origin Documentation, breaking