Thought Leadership

By Sue Gross
 • 
3 weeks ago

On September 1 and August 12, 2016, respectively, the MSRB and FINRA formally applied to the SEC to make mark-up disclosure on retail confirms the law of the land. In the 14 months since, BondWave has been actively engaged in providing a real-time Prevailing Market Price (PMP)
Read More

By Lou Rebimbas
 • 
3 months ago

The London Interbank Offered Rate or LIBOR, the global benchmark interest rate that impacts customers and companies borrowing money across the world, is to be replaced by the end of 2021, though uncertainty hangs on what the replacement will look like.
Read More

By Daniel Conroy
 • 
4 months ago

May 14th started a one-year countdown to the implementation of the Mark-up Disclosure Rule and the implementation of the PMP Waterfall approach for fixed income in 2018. If your firm hasn’t started working on a process and solution, you are already behind.
Read More

By Daniel Conroy
 • 
5 months ago

Fulcrum had a number of clients who were trying to navigate their fixed income bond allocations, particularly in a rising rate environment. Many investors were seeking to diversify and optimize their bond holdings, yet many advisors only offered clients a limited range of investment options because of the complexity of fixed income investing.
Read More

By Daniel Conroy
 • 
6 months ago

One of the things that make bonds unique relative to stocks is the way compensation is collected for trading. The lion’s share of equity trades involve an explicit commission charged to the client. Be it a flat rate per ticket, as is common among online and retail brokerage, or a ‘cents per share’ commission,
Read More

By Lou Rebimbas
 • 
8 months ago

When it comes to trade reporting in equities the current debate centers on whether certain high speed trading firms have microsecond advantages over other market participants because they purchase trade report feeds directly from exchanges rather than waiting for the slower, consolidated feed from the SIP (Securities Information Processor).
Read More

By Lou Rebimbas
 • 
11 months ago

BondWave maintains a proprietary database of dealer-to-dealer bid/ask spreads and customer- to-customer bid/ask spreads that allows us to measure trading cost in corporate and municipal bonds. Using this data, we can examine trends in trading behavior and trading cost over time. The data has been calculated in real-time since the beginning of the second quarter of 2016.
Read More

By Lou Rebimbas
 • 
1 year ago

BondWave introduces the second Data Digest that explores and mines our extensive data library of the fixed income marketplace where we frequently come across interesting patterns, observations and new data.
Read More

By Lou Rebimbas
 • 
1 year ago

BondWave introduces a new series titled Data Digest. As we explore and mine our extensive data library of the xed income marketplace, we frequently come across interesting patterns, observations, and new data. In the Data Digest series, we will begin to share what we discover with the xed income investing community.
Read More