BondWave’s fixed income engine integrates with ICE Bonds 

Dan Barnes

BondWave, the fixed income system provider, has successfully integrated its Effi Markets tool with the ICE Bonds’ trading platforms.

Effi Markets provides access to indicative liquidity by enabling users to view, filter and select current bids and offers, add them to a proposal and communicate relevant trade ideas. The integration will allow BondWave users to filter the market data and stage orders for submission to an ICE Bonds’ platform from the Effi Markets page.

“BondWave and ICE Bonds have enjoyed a great partnership for many years,” said Michael Ruvo, CEO of BondWave. “This additional level of integration will allow Effi users to more efficiently access ICE Bonds’ various liquidity pools and execution protocols while increasing transparency, enhancing workflows, and providing our users with better access to liquidity.”

BondWave currently consumes bids and offers from the ICE BondPoint and ICE TMC trading platforms operated by ICE Bonds. ICE Bonds offers a suite of trading protocols, including click-to-trade, portfolio trading and request for quote, for fixed income markets. Customers can use ICE Bonds trading protocols to access liquidity in municipal bonds, corporates, treasuries, agencies and certificates of deposit.

“As the fixed income market continues to evolve to electronic trading, our customers need more sophisticated tools that bring together data, analytics and execution to help execute trading strategies,” said Peter Borstelmann, president of ICE Bonds. “As we continue to expand access to our markets, we’re pleased to work with platforms like BondWave’s Effi, which can provide new analytics and a broader set of market participants to our deep liquidity pools.”