BondWave

BondWave makes fixed income analytics software for wealth management firms, RIAs, asset managers, bond traders and compliance staff. Its products run on one platform, Effi, short for Engine for Fixed Income, which the company tailors to each client's needs.

Effi's portfolio analytics show every bond position from a single account up to a firm's whole book, with dashboards, configurable alerts, client reports and proposals. Transaction analytics cover pre-trade price checks and post-trade review, with tools for markup disclosure, execution-quality reviews and transaction quality analysis that support FINRA and MSRB requirements. MuniNews uses AI to read news sources and tie material credit events to municipal obligors and CUSIPs, with daily summaries, watchlists and ad hoc research. A data science team builds proprietary data sets, including trade benchmarks, municipal yield curves and comparable-bond matches.

BondWave LLC was founded in 2001 and has its office in New York. Its structured data lists a headcount band of 11 to 50 people. The company does not execute trades and says it is agnostic to the source of liquidity. Firms can run Effi behind their own firewall or use a hosted version, and can license only the modules they need. MuniNews data can also be delivered by API, by email or through Investortools. Pricing is not published.