BNY Mellon Pershing’s BondWise Further Electronifies Fixed Income

BNY Mellon Pershing’s new fixed income research, management and trading tool, BondWise, will help make fixed income workflows more efficient and could be used across the wider group according to a story in MarketsMedia news. On 12 September BNY Mellon Pershing announced the debut of BondWise on its NetX360+ platform to allow advisors to research and trade bonds and other fixed-income securities in real time. The tool was developed in collaboration with bondIT, a fintech that uses data science, artificial intelligence and machine learning technologies to create tools for the fixed income market. John Goodheart, head of trading services at BNY Mellon Pershing said “This is the first time that wealth managers can see liquidity aggregated on one platform that is very easy to use. There are over 200,000 CUSIPs and 2 million price quotes on any given day so it is real, rich, actual data.” BNY Mellon first met bondIT in 2017 and although the firm thought the fintech’s technology was very interesting and compelling it was not prepared to move forward at that time. In April 2021 BondIT was chosen to take part in BNY Mellon’s accelerator program, which works with innovative technology companies to create solutions that support BNY Mellon’s clients and the global financial industry.