DIVER by Lumesis, a provider of business efficiency, credit, data and regulatory compliance solutions for the municipal bond market, has announced a strategic partnership with Municipal Bond Information Services, to boost municipal bond market transparency.
The joint commitment will enhance pre-trade price transparency and post-trade operational practices.
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As part of the partnership, Lumesis and MBIS will channel MBIS’s pricing and comparable bond data through DIVER’s Advisor platform. The MBIS data provides a critical mass of municipal secondary market observable pricing in aggregate that can be leveraged by Advisor platform users in pre-trade investment decision-making.
The DIVER Advisor platform, which helps firms address their time of trade disclosure and suitability obligations, now offers data presented in a price comparison analysis to efficiently support "fair and reasonable" pricing and best execution workflow and compliance.
Lumesis has combined MSRB historical trade data with the MBIS pricing and comparable bond database in an easy to use price analysis that provides sales, trading and private wealth management professionals access to a powerful price discovery tool.
Beyond the fundamental value of this broad presentation of market execution and indicative levels (not evaluated prices), DIVER Advisor provides its users with a documented, consistent compliance process to help meet regulatory requirements.
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By GlobalData"Our partnership with MBIS provides the market access to an unprecedented database that supports the SEC and MSRB’s goal of transparency through a simple interface. The partnership is a strong, strategic fit, leveraging the two leading companies’ respective strengths allowing us to provide solutions to multiple regulations in a single platform, DIVER Advisor," said Gregg L. Bienstock Esq., CEO and Co-Founder of Lumesis.
"It has been a key objective for MBIS to provide broad access that is practical and efficient for customers to leverage our content that can enhance pre- and post-trade price analysis in the municipal secondary market. Our partnership with Lumesis will allow us to reach audiences that need access to pre-trade market information. Access to MBIS data via DIVER Advisor will afford clients a better view of the broader marketplace when formulating their value opinions for municipal investments," said Ron Valinoti, Founder of Triangle Park, who manages MBIS on behalf of its ten Municipal Brokerage partners.
Source: PRWEB
