The platform offers transaction analysis and new access to municipal bond content.
Fixed income solutions provider BondWave has added a feature to its Effi platform for fixed income transactions that “allows users to measure their total trade costs and compare them against relevant peers in the marketplace,” officials say.
The new feature, Transaction Quality Analysis (TQA), is intended to help end-users access “essential context into the true quality of their executions,” and “measure and rank the performance of their counterparties,” officials say. TQA also provides a detailed archive for every calculation and a management reporting tool.
In addition to TQA, the latest version of the Effi platform offers end-users access to “premium municipal bond content … directly within the platform,” officials say. After BondWave’s partnership with DPC DATA in September 2024 and acquisition of Bitvore’s Fixed Income Data Analytics business in November 2024, Effi can offer users BondWave Muni News (formerly Bitvore Muni News) and DPC DATA’s MuniPOINTS fact sheets, which are available “within the platform.”
The BondWave Muni News service can offer “curated municipal news mapped to the individual CUSIP level, with monitoring, email notifications, and links to source articles,” officials add. Users can also access municipal fact sheets with information extracted from official statements and related disclosure documents via DPC DATA’s MuniPOINTS.
The latest version of Effi also includes
- Portfolio Analytics: The Fixed Income Analysis Report helps determine if CD holdings exceed FDIC insurance limits;
- Household Numbers: This capability maintains household numbers across multiple related accounts;
- Rules: Users can create a rule for the average option-adjusted duration for a portfolio with the ability to set a minimum, maximum, and/or target value for the portfolio. The ability to factor cash into the calculation has also been added.
- Transaction Analytics:
- Trade Oversight’s Trade Details Page and a
- Market Calculator
