The two vendors will link their offerings via the Effi API.
BondWave, a fixed income solutions provider, and DbCom Inc., a financial technology company, have integrated BondWave’s pre-trade and post-trade transaction analytics with DbCom’s business and compliance platform, EQube, officials say.
The new integration will be delivered via BondWave’s Effi application programming interface (API) to offer trade surveillance in support of “best execution, fair pricing, and mark-up,” officials say. This will let EQube users with a license with BondWave “help meet critical compliance initiatives and regulatory requirements.”
“BondWave’s integration with EQube is a testament to our commitment to empower financial market participants with the tools and technology they need to successfully and efficiently run their business,” says Michael Ruvo, CEO of BondWave, in a prepared statement.
The BondWave Transaction Analytics suite includes the Effi Market Calculator and Trade Oversight modules for pre-trade pricing, post-trade monitoring, and surveillance to support best execution, fair pricing, mark-up, as well as transaction quality analysis,” officials say. The suite uses BondWave’s proprietary peer benchmark data.
DbCom’s EQube financial regulatory compliance platform broker-dealers and the investment advisory business by offering a range of solutions for best execution, written supervisory procedures (WSP), operations checklists, AML/ KYC, Reg-BI, and more, officials say.
BondWave serves traders, compliance professionals, and RIAs via the Effi platform, which offers dashboards and data about fixed income positions and transactions. It also offers portfolio analytics and reporting, custom alerts, and proposal generation, and support for best execution, fair pricing, and mark-up monitoring, officials say.
Need a Reprint?