BondDesk to Distribute MuniPOINTS from DPC DATA
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DPC DATA, Inc.
One Executive Dr.
Fort Lee, NJ, 07024
Press release date: December 4, 2006
For Broker-Dealers, MuniPOINTS are Concise, One-Page Deal Summaries For US Municipal Bond Deals in a Convenient Web-Based Solution
FORT LEE, N.J., Dec. 4 -- DPC DATA Inc., a data publishing and outsourced services company specializing in municipal securities reference data and disclosure documents, today announced a strategic alliance with BondDesk Group. BondDesk, a leading retail fixed income trading platform and a provider of software solutions to the securities industry, will be distributing MuniPOINTS(TM), the newest data service from DPC DATA.
Extracted directly from the official statement, MuniPOINTS summarizes all the key facts on any U.S. municipal bond deal in an easy-to-read, one-page deal sheet. Created specifically for the broker dealer market, MuniPOINTS optimizes the sales process in a compliance-friendly manner.
"After successfully implementing MuniPOINTS with one of the top three broker dealers over the past year, we felt it was time to launch the service in the marketplace," said Michael Ruvo, president of DPC DATA. "We are delighted that BondDesk has chosen to offer MuniPOINTS to its extensive base of broker dealers using its trading platform and front-end software."
BondDesk, the leader in electronic trading of odd lot fixed income investments, will be integrating MuniPOINTS as an optional data service into its popular ATS trading platform. Available on a subscription basis, the service is scheduled to be in production with customers by the first quarter of 2007. BondDesk executes over 75,000 municipal trades each month between leading full service broker dealers, online brokers, and correspondent clearing firms.
"DPC DATA is a well-established name in muni data products, and MuniPOINTS solves a longstanding problem facing muni traders, how to obtain the relevant trade data quickly in a high-production environment," said Tony Miscimarra, president of BondDesk Trading. "This is a useful solution for our customers, and we already have interest from a number of firms."
MuniPOINTS, which is also available via a Web services model from DPC DATA, has been implemented over the last year at a major broker dealer, where thousands of representatives now have access to the data. The service includes all current US municipal bond offerings and archived data since 2001. The deal sheets are indexed by CUSIP number. In addition, click-through access to underlying primary and secondary market disclosure documents can also be configured, based on each client's requirements.
To view sample MuniPOINTS deal extracts, please visit www.munipoints.com.
About DPC DATA
DPC DATA Inc., founded in 1992, provides securities-related data products and services to more than 600 financial institutions and information intermediaries. DPC DATA is a strategic partner of Standard & Poor's.
In addition to marketing its own portfolio of trademarked financial data products, DPC DATA offers outsourced and offshore services in custom data management and software development.
DPC DATA is a privately held firm, headquartered in Fort Lee, NJ. For more information please visit www.DPCDATA.com.
BondDesk Group is a leading odd-lot fixed-income electronic trading platform and provider of software solutions to the securities industry. The BondDesk Alternative Trading System (ATS), run by BondDesk's broker-dealer subsidiary, BondDesk Trading LLC, connects broker-dealers through a centralized marketplace by offering a diverse pool of liquidity. With over 30,000 live taxable and tax-exempt offerings from over 90 leading dealers, BondDesk executes over 20,000 trades daily. BondDesk has over 125 employees, with key offices in California, Michigan, and New York. In August 2006, Advent International, a leading global private equity firm, acquired a majority interest in BondDesk Group. For more information, please visit www.bonddeskgroup.com.
Source: DPC DATA Inc.
CONTACT: Kathleen Hawk DPC DATA +1-845-687-2222 email@example.com
Harold Reid BondDesk +1-212-508-9629 firstname.lastname@example.org
Web site: http://www.dpcdata.com/ http://www.munipoints.com/ http://www.bonddeskgroup.com/