BondWave LLC, a Illinois-based financial technology company, announced the launch of Effi, a fixed income data warehouse platform aimed at bringing transparency to the marketplace.

Bondwave specializes in fixed income products for customers ranging from small independent RIAs to some of the largest broker-dealers and custody providers in the financial services industry. The goal is to help traders and advisors target individual bonds to the investment objectives of their clients.

The company said that the ease of use for the its new engine for fixed income enables fixed income traders, advisors and investors to monitor and service accounts, identify and communicate trade ideas, and dynamically support client interactions. Effi users will enjoy access to a host of valuable fixed income data sets and tools, providing unparalleled context and workflow efficiencies, the company said in a release Wednesday.

BondWave CEO Michael Ruvo.
Michael Ruvo

“BondWave continues to be committed to innovation in the fixed income space, and Effi will transform how advisors and trading desks analyze and operate within the fixed income marketplace,” said Michael Ruvo, CEO of BondWave. “Mobile, customizable and highly intuitive, Effi simplifies the complex fixed income landscape, providing users with context and actionable insights.”

Effi is a single platform offering an evolving range of modular fixed income solutions. Some key features include: Business Intelligence & Workflow, helping users identify and take action on trade opportunities; customized reports and analytics; actonable alerts and correspondence;
and a scheduler, designed to save time and automate workflow.

“These new tools provide fixed income traders, advisors and investors with the type of unbiased market intelligence that has benefitted the equity markets for years. The convergence of data, technology and market structure puts BondWave in a unique position to provide services to the market that are not dependent upon nor subject to liquidity or execution bias.,” Ruvo said. “We expect Effi to help drive the growth of fixed income investing among new and existing audiences of traders, advisors, and investors.”

Bondwave said that Effi brings clarity and transparency to the traditionally opaque world of bonds and that it is designed to provide the same simplicity that users of Amazon and other consumer-oriented services have come to expect, Effi brings a similar ease of access for traders, advisors and investors to find the right bond among the universe of over 3 million active CUSIPs.

In addition, as part of the Effi launch, BondWave said it is introcucing transaction analytics to complement a 16-year history of providing portfolio analytics.

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Aaron Weitzman

Aaron Weitzman

Aaron Weitzman is a markets reporter for The Bond Buyer, focusing on the sell side of the municipal bond market.