BNY Mellon's Pershing Debuts BondWise, an Innovative Fixed Income Research and Trading Tool
- BondWise addresses the need for data-driven tools to trade bonds and fixed-income securities in real time.
- BondWise gives advisors instant access to market and pricing data, enabling them to execute trades in minutes.
- BNY Mellon led a capital round that raised $14M for bondIT, the fintech behind BondWise.
- None.
BondWiseSM is designed to help advisors trade bonds and other fixed income securities in minutes on BNY Mellon Pershing's NetX360®+ financial management platform.
There has been a need in the marketplace to create data-driven tools that would enable advisors to research and trade bonds and other fixed-income securities in real time. The new BondWise tool helps address this unmet need by giving advisors instant access to market and pricing data, so they can do single bond searches, generate and optimize portfolios, review positions and execute trades—in minutes.
"Yields on bonds and other fixed income securities are at highs that haven't been seen for years, but the marketplace has lacked intuitive and robust technology to manage these investment products," said John Goodheart, Head of Trading Services, BNY Mellon | Pershing. "That's why we created BondWise –to empower our clients and help them more easily navigate the fixed income marketplace."
BondWise was developed in collaboration with bondIT, a leading fintech that uses data science, advanced AI and machine learning technologies to create innovative tools for the fixed income market. bondIT was also a participant in the BNY Mellon Accelerator, a program that helps support the growth of emerging fintechs focused on solving business challenges clients are facing. BNY Mellon subsequently led a capital round that raised
"Our collaboration with bondIT is a great BNY Mellon Accelerator story," said Marianna Lopert-Schaye, Managing Director of Digital Partnerships and Investments, BNY Mellon. "bondIT's innovative technology, plus deep grasp of the problem to be solved in the fixed income space, is a perfect example of how working with best-in-class partners will help us deliver value for our clients."
"This work with BNY Mellon's Pershing represents the perfect alignment of technology, talent and timing," said Etai Ravid, Founder and CEO, bondIT. "BondWise is launching at a moment when the fixed income market is generating a lot of buzz, and we're excited to roll out this joint innovation to help improve the advisor experience."
Media Contact
Liz Ozaist
Email: Elizabeth.Ozaist1@bnymellon.com
Phone: +1 347-528-3559
ABOUT BNY MELLON'S PERSHING
BNY Mellon's Pershing is a leading provider of clearing and custody services. We are uniquely positioned to help complex financial services firms transform their businesses, drive growth, maximize efficiency, and manage risk and regulation. Wealth management and institutional firms outsource to us trading and settlement services, investment solutions, bank and brokerage custody, middle- and back- office support, data insights and business consulting. Pershing brings together high-touch service, an open digital platform and the BNY Mellon enterprise to deliver a differentiated experience for every client. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. With offices around the world, Pershing has over
ABOUT bondIT
bondIT provides next generation front office investment technology. The company combines data science, explainable-AI (XAI) and advanced technologies with fixed income investment know-how to help improve the performance, accuracy and efficiency of clients' investment processes and businesses. bondIT is privately owned and paving the way for financial institutions of all sizes to integrate the power of greater technology into their investment processes. bondIT adheres to the highest privacy and security standards and is SOC 2 certified by Ernst & Young. For more information, please visit bonditglobal.com and follow the company on LinkedIn.
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SOURCE Pershing, LLC
