BondWave, a fintech firm specializing in fixed income, announced the launch of the latest iteration of its Effi bond trading platform: Effi for RIAs. The new offering is designed to equip independent registered investment advisors with fixed income analytics, reporting, monitoring tools and price discovery.
The Effi suite provides portfolio analytics and a customizable reporting engine that can extend from portfolios to a book-of-business view, as well as generate exposure analysis reports, shock analysis, amortization and accretion, and unrealized gains and losses.
Advisors on the platform can also set up more than 250 different types of alerts, and advisors can customize their own alerts panel of bond events, cash flows and price changes.
When it comes to the price discovery features, the firm’s Market Calculator uses the FINRA and MSRB regulatory prescribed “waterfall” process to provide up to eight benchmarks to support Best Execution and Fair Pricing.