Stephen Winterstein

Stephen Winterstein is the CEO of ficc.ai, a company specializing in municipal bond pricing using real-time AI technology.23 With over 35 years of experience in municipal fixed income, electronic trading, and fintech, Winterstein has established himself as a prominent figure in the industry.13

Career Highlights

Current Roles::

• CEO at ficc.ai13
• Managing Partner at SP Winterstein & Associates, LLC (since June 2023)1

Previous Positions::

• Head of Capital Markets at Alphaledger (June 2022 - April 2023)1
• Head of Municipal Fixed Income at MarketAxess (March 2019 - June 2022)1
• Advisory Board Member at MuniRisk™ (January 2017 - December 2018)1

Expertise and Contributions

Winterstein's extensive background includes:

• Municipal fixed income SMA and mutual fund management
• Electronic trading
• Fintech applications
• Public finance and policy advocacy
• Market microstructure

At ficc.ai, Winterstein leads a team that provides real-time pricing for approximately 1 million CUSIPs, tailored to trade size and direction.2 The company's AI models deliver continuous insights into the municipal market, empowering dealers, brokers, and investors to enhance efficiency and validate pricing before execution.2

Industry Impact

Winterstein's expertise is highly regarded in the fixed income sector. He has been involved in significant industry developments, including:

• Playing a central role in MarketAxess' acquisition of MuniBrokers LLC, a leading electronic interdealer brokerage platform for municipal fixed income1
• Contributing to the integration of ficc.ai's live pricing data into the Investortools Dealer Network, enhancing market transparency and decision-making capabilities for institutional clients2

Stephen Winterstein's leadership at ficc.ai and his extensive experience in the municipal fixed income market position him as a key figure in driving innovation and efficiency in the industry.