Standard & Poor’s Securities DataManager meets Real Time Trade Match
demands & offers precise pricing information to financial
professionals
New York, NY (PRWEB) February 2, 2005 -- To address the dealer community’s
need for timely reporting of fixed income securities and in support of the
municipal industry’s Real Time Trade Match (RTTM) efforts, Standard &
Poor’s, a leading provider of descriptive data on over 1.5 million issues, will
now deliver updated securities data within 15 minutes. The new service, Standard
& Poor’s Securities DataManager, will deliver Municipal and Corporate Fixed
Income descriptive data with continuous intra-day updates throughout the day to
major institutions nationwide.
The recently amended rules, MSRB G-14 and
MSRB G-34, which are the result of a collaborative effort by industry leaders
and regulatory authorities, mandate the submission of municipal trades within 15
minutes of execution and the announcement of the “Time of Formal Award,”
indicating the timing of the trade.
In addition to assisting clients to
meet real-time trade requirements, this new service may lead to increased
operating efficiencies and rapid error detection and resolution. These key
benefits facilitate buy/sell decisions and improve sector analysis.
“The
industry’s move toward straight through processing (STP) and the minimization of
settlement periods from T+3 to T+0, warrants the expansion of municipal and
corporate securities reference data delivery,” said Frank Ciccotto, Senior Vice
President of Standard & Poor’s, a leading provider of independent research,
indices and ratings. “By amending the rules, the dealer community has sent a
strong signal for the need for timely reporting and we believe that the new
Standard & Poor’s Securities DataManager firmly supports the RTTM needs of
its customers.”
Standard & Poor’s Securities DataManager is available
in either Fixed Fielded or XML formats allowing for ease of integration with
existing technologies. For more information, please contact Theresa Werner,
Product Manager, Electronic Data Services, Standard & Poor’s at 212-438-4570
or e-mail at e-mail protected from spam bots
About Standard &
Poor’s
Standard & Poor's, a division of The McGraw-Hill Companies
(NYSE:MHP), is the world's foremost provider of independent credit ratings,
indices, risk evaluation, investment research, data and valuations. With
approximately 6,000 employees located in 21 countries, Standard & Poor's is
an essential part of the world's financial infrastructure and has played a
leading role for more than 140 years in providing investors with the independent
benchmarks they need to feel more confident about their investment and financial
decisions. For more information, visit www.standardandpoors.com.
About The McGraw-Hill
Companies
Founded in 1888, The McGraw-Hill Companies is a global information
services provider meeting worldwide needs in the financial services, education
and business information markets through leading brands such as Standard &
Poor’s, BusinessWeek and McGraw-Hill Education. The Corporation has more than
320 offices in 34 countries. Sales in 2002 were $4.8 billion. Additional
information is available at www.mcgraw-hill.com |