DPC DATA Announces Distribution Agreement With TheMuniCenter
Municipal Bond Disclosure Information and Customer Notification Workflow to be Integrated for Broker/Dealers and their Financial Advisors
FORT LEE, N.J., July 29 /PRNewswire/ -- DPC DATA, a leading provider of municipal bond disclosure data, research and data services, today announced an agreement with TheMuniCenter (TMC), the market leader for secondary municipal bond trading. TMC will offer DPC DATA's MuniPOINTS® abstracts and MuniDOCS Online® document portal for use by financial advisors via its private label platforms.
"TMC's goal is to offer its clients choice and completeness of information to meet point-of-sale and ongoing material event monitoring needs. As a municipal market leader, we chose to enhance our existing capabilities with DPC DATA's respected offerings," stated Thomas Vales, TMC's CEO. Furthermore, "with DPC DATA, TMC is providing clients with reliable data and tools in the most convenient package possible. MuniPOINTS is an instant boost to financial advisors' daily efficiency, and enables them to meet their regulatory requirements while servicing clients more effectively."
Designed for point-of-sale disclosure compliance, MuniPOINTS are easy-to-read deal summaries containing "just the facts" in bullet-point text, excerpted directly from the official statements with no analytical content. In addition, MuniPOINTS offers one-click access to all related primary and secondary market disclosure documents, including material event notices, via the MuniDOCS Online portal. When e-mailed by financial advisors to customers, MuniPOINTS documents make a clear statement that the dealer wants to offer added value content beyond basic data available via the MSRB's Electronic Municipal Market Access (EMMA) system.
"Investment professionals need instantaneous access to actionable information and decision support tools to enable them and their customers to make better decisions and manage risk," said Michael Ruvo, President of DPC DATA. "We are delighted that TMC has chosen DPC DATA as their preferred third party source of municipal disclosure information and risk-monitoring solutions."
About TheMuniCenter (TMC)
TMC is a leading Fixed Income marketplace that recently celebrated its 10 year anniversary serving sell-side and buy-side clients. Based on MSRB statistics, TMC was responsible for nearly 20% of all inter-dealer transactions in municipal securities during the first half of 2010. Beyond municipals and taxable variations (e.g., Build America Bonds), TMC offers extensive taxable inventory including Agencies, , CDs, CMOs, Corporates, MTNs, Specified Pools, Structured Products and Treasuries. TMC is majority owned by Bank of America Merrill Lynch, Citi Global Markets and Morgan Stanley. For more information on TMC, please visit www.themunicenter.com.
About DPC DATA
DPC DATA Inc., founded in 1992, is the leading provider of disclosure-related data products and specialized data services to the municipal industry. Its customers include more than 600 financial institutions and information intermediaries. In addition to marketing its own portfolio of data products supporting securities market transparency, DPC DATA offers outsourced and offshore services in custom data management and software development. DPC DATA, a strategic partner of Standard & Poor's, is a privately held firm, headquartered in Fort Lee, NJ. For more information please visit www.DPCDATA.com.
MuniGUARD and MuniPOINTS are registered trademarks of DPC DATA Inc.
SOURCE DPC DATA Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article