BondWiseSM is designed
to help advisors trade bonds and other fixed income securities in
minutes on BNY Mellon Pershing's
NetX360®+ financial management platform.
NEW
YORK, Sept. 12, 2023 /PRNewswire/ -- BNY
Mellon's Pershing (NYSE: BK) announced the debut of BondWise, a
fixed income research, management and trading tool available on
its NetX360®+ 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
$14M for bondIT.
"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 $2 trillion
in assets and millions of investor accounts. Pershing affiliates
include Pershing X, Inc., and BNY Mellon Advisors, Inc., an
investment adviser registered in the
United States under the Investment Advisers Act of 1940.
Additional information is available on pershing.com, or follow us
on LinkedIn or Twitter @Pershing.
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