News

By Sue Gross
 • 
1 week ago

May 14 marked the official implementation date of the MSRB’s and FINRA’s mark-up disclosure rule and the calculation of a PMP utilizing the prescribed ‘waterfall’ approach for fixed income securities. This implementation also marked a critical next step in the transformation and evolution of the fixed income landscape, as participants seek better, more precise data and new tools beyond implementation of the rule.
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By Sue Gross
 • 
2 weeks ago

Vendors and dealers say they are making continuous adjustments to the systems they put in place to comply with markup disclosure requirements, and are seeing increased interest in the analysis and possible wider use of prevailing market price calculations.
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By Sue Gross
 • 
2 months ago

BondWave has bolstered its overall client base and enhanced its fixed income offerings to include proprietary content, portfolio and transaction analytics, and an industry-leading PMP solution that has surpassed 250,000 PMP proof-of-concept calculations.
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By Sue Gross
 • 
2 months ago

New regulations designed to illuminate the cost of bonds, which went into effect on Monday, are likely to help retail investors but cause more work for brokers. The new information on the customer confirmation is going to require an explanation from the broker, said Michael Ruvo, chief executive of BondWave, a financial technology firm.
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By Sue Gross
 • 
2 months ago

U.S. municipal bond firms are rushing to comply with a new mandate taking effect on Monday that will force brokers for the first time to disclose how much they charge individual investors on some trades in the tax-exempt debt market.
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By Sue Gross
 • 
2 months ago

BondWave has bolstered its overall client base and enhanced its fixed income offerings to include proprietary content, portfolio and transaction analytics, and an industry-leading PMP solution that has surpassed 250,000 PMP proof-of-concept calculations.
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By Sue Gross
 • 
3 months ago

Fixed income participants have less than two months to prepare for the mark-up disclosure rule, which is designed to help retail customers understand and compare transaction costs in fixed-income securities. Here are the most critical issues facing large and small firms as the clock continues to countdown.
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By Sue Gross
 • 
5 months ago

Despite numerous regulatory efforts for greater transparency, the nature of the municipal bond market remains opaque due to its fragmented nature. BondWave’s QCurves offers a transparent, flexible and quantitative municipal bond yield curve.
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By Sue Gross
 • 
5 months ago

Third-party vendor products to help dealers comply with soon-to-be effective markup disclosure requirements are hitting the market as the industry holds out hope for a compliance extension.
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By Sue Gross
 • 
5 months ago

BondWave launches Prevailing Market Price (PMP) Waterfall Solution aimed at generating PMP values to support mark-up disclosure regulations. Our solution is designed with an open architecture that can support integration with multiple execution platforms.
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