BondWave LLC launched its Benchmark Data and Trading Indices on Monday.
The BDTI utilizes quantitative benchmark data to enable informed, quantitative and sophisticated analytics that supports markup disclosure, best execution, fair pricing and transaction cost analysis, the company said.
The proprietary trading indexes are designed to surface trends in liquidity and help evaluate overall transaction costs.
“The demand has never been greater for more sophisticated fixed income benchmark data that can support the regulatory requirements surrounding markup disclosure, best execution, and fair pricing while also helping to assess overall transaction costs,” said Michael Ruvo, BondWave's CEO. “Our application of advanced technologies to create enhanced data sets has made it possible to develop quantitative and unbiased benchmark data and trading indices for the fixed income markets.”
This suite of BondWave solutions provides a unique view into the traditional world of fixed income, BondWave’s BDTI leverages advanced data science and extensive fixed income expertise to provide fully transparent, independent and unbiased fixed income insights. The data and indexes support industry best practices for the standardization of compliance processes, supporting markup disclosure, best execution, fair pricing and transaction cost analysis while simultaneously providing new trading insights to further enhance business intelligence.
“This data can be utilized to apply standardized measurements against all executions, leveraging the ‘waterfall’ methodology prescribed by the regulators, to streamline and enhance existing compliance and regulatory processes,” Ruvo said.
BondWave, founded in 2001, is a financial technology firm focused on fixed income products. Its BDTI is powered by
The company serves a wide range of customers, from small independent RIAs to some of the largest broker-dealers and custody providers in the financial services industry. Traders, portfolio and asset managers, advisors and compliance professionals use our tools to provide a superior fixed income experience to their clients while supporting critical compliance mandates.
