BondWave LLC, a leading financial technology firm focused on fixed income solutions, and Fintech Global Center (FGC), a provider of fixed income trading systems and solutions for the global financial industry, today announced a strategic partnership to integrate access to Effi® and FGC TMS, embedding each platform’s capabilities directly within the other.
Under the new partnership, FGC TMS will integrate BondWave’s Market Calculator solution and price discovery tools, giving FGC TMS users greater visibility into current market conditions to support more informed investment decisions. Simultaneously, Effi users will gain access to FGC TMS’s OMS/EMS capabilities and liquidity from all major fixed income ATSs across all trading protocols, delivering a cost-effective alternative to traditional execution solutions and enabling a complete pre- and post-trade workflow within a single platform.
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BondWave’s Effi platform delivers oversight, analytics, and workflow tools across every fixed income position and transaction. Its Market Calculator enables users to examine and capture market conditions prior to execution, supporting markup/fair pricing and best execution requirements through real-time market data, customizable measurement settings, and compliance-ready calculation archiving.
FGC TMS is a fixed income trading and trade management system that supports the full trade lifecycle, including data, execution, real-time positions, P&L, clearing, settlement, reporting, compliance, risk management, and more, all at a significantly reduced cost that sales, trading, operations, and compliance teams can use. FGC TMS brings greater efficiency by allowing desks to customize the solution, while cutting down on costs, manual processes, and operational complexities.
“This partnership with Fintech Global Center reflects our commitment to a custodian and liquidity-agnostic framework for the fixed income industry,” said Michael Ruvo, CEO of BondWave. “In a market defined by fragmented execution and heightened regulatory scrutiny around best execution and fair pricing obligations, firms need solutions that bring clarity and control to every stage of the trade lifecycle. This integration delivers exactly that by embedding best-in-breed analytics and execution capabilities directly within the platforms our clients already rely on.”
“Our partnership with BondWave reflects our core commitments to the fixed income trading community,” said Ashok Mittal, CEO of Fintech Global Center. “By bringing industry-leading solutions from BondWave’s Effi to FGC TMS clients and maintaining our commitment to an open architecture that enables internal tools and external services to be easily integrated into FGC TMS, broker-dealers can have access to a comprehensive, customizable, and cost-effective fixed income trading solution designed to reduce costs, improve profitability, and streamline operations.”
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