IPC and BondWave Announce Partnership Offering Bond Traders a Simplified Pre-Trade Price Discovery Tool

BY GlobeNewswire | CORPORATE | 11/15/22 09:00 AM EST

NEW YORK and WHEATON, Ill., Nov. 15, 2022 (GLOBE NEWSWIRE) -- IPC Systems, Inc., a leading provider of secure, compliant communications and multi-cloud connectivity solutions for global financial markets and BondWave LLC, an affiliate of First Trust Portfolios L.P. and a leading financial technology firm focused on fixed income solutions, today announced the integration of the flagship Unigy and IQ/Max? Touch solutions with BondWave Calculator, an innovative pre-trade price discovery tool. The partnership offers bond traders an integrated solution that automates the trading workflow by surveilling today?s market activity instantaneously.

The new collaboration leverages BondWave?s sophisticated trade benchmarking engine, alongside IPC?s extensive user community, with direct access through IPC?s IQ/MAX? Touch financial terminal - all delivered at a low total cost of ownership. The BondWave Calculator, as offered on the IQ/MAX Touch financial terminal, provides market participants with the ability to determine, on a pre-trade basis, the fair market value of a bond, while also surfacing additional benchmarks across the regulatory-prescribed ?waterfall?. The collaboration means that users can do more in less time with the confidence that they have done their diligence for pre-trade price discovery.

?IPC is eager to welcome BondWave and their market leading technology onboard. Our combined expertise allows us to offer the global financial community direct access to IPC?s APP framework capabilities, alongside BondWave, through our IQ/MAX Touch financial terminal. Our strategic partnership is a game-changing proposition that transforms how traders consume applications and optimize workflows,? stated Bob Santella, CEO at IPC Systems.

The?IQ/MAX Touch is a software-driven, flexible, extensible and secure communications device for delivering compliance, security and next generation user functionality to the capital markets. An?intuitive?and?powerful?tool for bringing advantages throughout your enterprise ? a truly global,?multi-lingual interface?for multinational teams. The broad range of market participants relying on IPC?s solutions has become an integral part of one of the world?s largest and most diverse financial ecosystems, which provides reliable, secure access interconnecting global financial centers, allowing connectivity between more than 7,000 market participant locations across 750 cities in more than 60 countries.

?For decades, IPC has been a leader in providing sophisticated technology and services that meet the unique and ever-evolving needs of the global financial markets,? stated Michael Ruvo, CEO of BondWave. ?Our proprietary trade benchmarking engine provides IPC?s vast user base with enhanced pre-trade price discovery tools that ultimately help them trade smarter and more efficiently.?

The BondWave Calculator is powered by BondWave?s Effi? platform, leveraging an API layer that enables seamless integration with partner and proprietary client applications. This new initiative allows users of IPC?s Unigy and IQ/Max Touch solutions to simply enter a security identifier, quantity, price, and buy/sell indicator to instantaneously calculate relevant benchmarks against which to compare their trade.

IPC is a technology and service leader powering global financial markets. We help clients to anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to help make them secure, productive, compliant and connected.?

Visit?ipc.com?and follow us on LinkedIn and Twitter (@IPC_Systems_Inc).

Founded in 2001, BondWave, an affiliate of First Trust Portfolios L.P., is a financial technology firm specializing in fixed income solutions. We serve a wide range of users including traders, compliance professionals, and RIAs from the smallest to the largest firms in the industry who use our tools to provide a superior fixed income experience to their clients while supporting critical regulatory mandates. Effi?, our Engine for Fixed Income, is the single platform through which we deliver all our solutions, providing intuitive dashboards and insights into every fixed income position and transaction. Capabilities include portfolio analytics and reporting, custom alerts, and proposal generation, as well as tools that support best execution, fair pricing, and mark-up monitoring and disclosure on both a pre- and post-trade basis. BondWave leverages advanced technologies and data science to develop proprietary data sets that fuel our innovative solutions.

For more information, please visit https://bondwave.com/ or contact info@bondwave.com.

Media Contacts:

IPC Systems:

Daniel LevyVictoria Bailie
Finn Partners for IPCGlobal PR Manager at IPC Systems
+44 20 7046 8354?+44 7824126054
Carly Gray?
Buttonwood Communications Group?
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Source: BondWave

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.