BondWave makes enhancements to Effi


BondWave LLC is making enhancements to its Engine for Fixed Income platform, expanding content and functionality for its users.

The firm said the upgrades to its Effi platform offer users new levels of transparency and insights by using data science and emerging technology. BondWave LLC is an Illinois-based financial technology company that specializes in fixed income products for its customers ranging from RIAs to some of the largest broker-dealers and custody providers in the industry.

“The latest Effi enhancements provide additional content and functionality, making it easier for our users to understand their business and support critical regulatory requirements,” said Michael Ruvo, BondWave’s CEO. “These developments underscore our commitment to embracing advanced data science and emerging technologies to help advance the fixed income markets.”

Michael Ruvo

BondWave said the Effi changes include:

  • Effi Markets — Connected withEffi Proposals, the Effi Markets page provides users with access to indicative liquidity, the ability to view, filter and select current bids and offers then add them to a Proposal and communicate relevant trade ideas.
  • Effi Proposal Manager — This feature provides traders with a view of all active proposals and status changes, which aims to help users monitor and analyze outstanding proposals, with a multi-account view to help them understand their trading strategies.
  • Effi Price Alerts — Enhanced functionality will notify users of price changes for account positions and they can set one-day, one-week or one-month alerts for positive and negative changes. The firm said Effi Alerts provide a transition from Alerts-to-Affected Accounts and Positions-to-Proposal Creation.
  • Trade Oversight Reports — This tool will allow users to filter and check one or more trades in the Trade Oversight page to generate reports from the Actions menu. Ituses analytics to answer business questions, and the Trade Details Report shows regulatory audits.

The firm’s goal with Effi is to allow fixed income traders, advisors and investors evaluate transaction costs, service and monitor accounts, and identify targeted trade ideas. Effi was launched in October 2017.

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