IPC Announces Partnership Offering Bond Traders a Pre-Trade Price Discovery Tool

IPC Systems, Inc., a 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, announced the integration of the flagship Unigy and IQ/Max Touch solutions with BondWave Calculator, a 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. 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.