Fintech firm BondWave and fixed income data and solutions provider DPC Data plan to integrate several of DPC Data's products into
This partnership allows users with a DPC Data subscription to access content directly within Effi, or Engine for Fixed Income, providing Effi users with more information for all municipal bond positions in their portfolio.
The integrated DPC Data solutions are DPC DATA's MuniPOINTS, MuniDOCS Online, MuniGUARD News and MuniCREDIT Financials.
The primary product, MuniPOINTS, is mostly used in compliance, along with providing a summary of an official statement, said Ken Hoffman, president of DPC DATA.
Clients "use it to educate themselves on an issuer, look at the use of proceeds, and that fits right into the analysis that users do on the Effi platform," he said.
BondWave will integrate access to the DPC Data content at certain points inside of Effi, such as access to MuniPOINTS via an icon or a link to get more information at the time, said Michael Ruvo, CEO of BondWave.
"That could be aiding in bond selection [and] surfacing additional details for pre-trade price discovery, where they're looking at how bonds might be trading and what the market is for a bond prior to doing a transaction," he said. "Ultimately helping the BondWave clients use the DPC content to make more informed investment decisions for their customers."
The partnership was a natural fit for Ruvo and Hoffman who have known each other well, as Ruvo used to work at DPC Data.
"We started talking about some of our plans with Effi in terms of adding premium content providers to the platform and thought a great place to start would be with DPC Data and their content, given our familiarity with each other and our technology stacks," Ruvo said.
Additionally, DPC Data and BondWave have mutual clients, particularly for broker deals and wealth management firms, Hoffman said.
DPC Data is BondWave's first premium content provider in Effi, though Ruvo said BondWave has been the DPC to other platform providers for some of its content.
"We're trying to provide content in context to create more transparency and ultimately help people make better investment decisions," he said.
"Fixed income markets are complex and bifurcated that … we have to collaborate to provide services, as opposed to one company being the place to go for everything," Ruvo said. "As small and mid-sized players in this market, to be successful we need to focus on collaboration and see where services are complementary, and this is all very complementary."
