BondWave’s Universal Prevailing Market Price (UPMP) Quarterly Dashboards are designed to provide market participants with a better understanding of trading trends in fixed income markets. With this Universal PMP data set – part of BondWave’s Benchmark Data & Trading Indices (BDTI) – BondWave has calculated up to eight pricing benchmarks for every customer trade disseminated by FINRA and the MSRB for asset classes requiring mark-up disclosure dating back to 2018. The dashboards are for each of the four covered asset classes (corporate, municipal, agency, and 144A bonds) with plans to expand coverage to securitized products (MBS, ABS, CMO, etc.).
You can now watch the video of Managing Director Paul Daley on the US Summit Panel on Trading and Best Execution in Fixed Income Securities. This session was part of the Capital Markets Strategies/Trading Evolved Trading and Best Execution Summit on May 12-13, 2021. Read Full Article
BondWave’s Universal PMP Dashboards for Q2 2021 show bid/ask spreads decreasing across 3 of the 4 asset classes being observed. This quarter we added a new feature showing the weighted average number of levels of the waterfall for which we were able to produce a PMP calculation.Read Full Article
BondWave’s Universal PMP Dashboards for Q1 2021 – including comparisons to the previous quarter. This data is published to help market participants understand fixed income trading trends and can be applied in an individualized context.Read Full Article
BondWave’s newsworthy articles for the month of May: “It’s a Trap” by Paul Daley featured in the Friday Newsletter explains the intricacies of fixed income trade data & revisions to BondWave’s Q4 Universal Prevailing Market Price (UPMP) Dashboards.Read Full Article
Paul Daley explains the intricacies of working with fixed income trade data, understanding trade patterns, and the corrected Universal PMP dashboards for Q4 2020.Read Full Article
Corrections have been made to our Q4 2020 Universal Prevailing Market Price Dashboards for the Corporate, Municipal, Agency, and 144A asset classes based on findings noted in our recent piece titled, “It’s a Trap.”Read Full Article
BondWave has calculated up to eight pricing benchmarks for every customer trade disseminated by FINRA and the MSRB for asset classes requiring mark-up disclosure dating back to 2018. This Universal PMP data set is part of BondWave’s Benchmark Data & Trading Indices (BDTI).Read Full Article