Ipreo Launches Fully Web-based Variable Rate Trading System

NEW YORK, March 31, 2011 /PRNewswire/ -- Ipreo, a leading global provider of new-issuance solutions, announced the launch of its newly enhanced Variable Rate Trading ("VRT") System.  The new platform is highly flexible, fully integrated, and implements a number of important enhancements, including the webification of the Billing module, which marks the completion of the conversion of the entire VRT System to a web-based solution.

In addition to webification, this release also implements a unique centralized contacts database not previously available anywhere in the market. This centralized database – together with the seamless integration of modules – ensures clean and accurate contact data across the system, and eliminates the need to move in and out of different modules or applications. Actions taken with a given contact are automatically reflected across the system.

"The web access, the integration of the modules, and the elimination of manual processes will mean not only huge time savings for our clients, but also a dramatic reduction in the potential for errors," said Cheryl Horowitz, Managing Director of Short-term Municipals at Ipreo. "We are pleased to be able to deliver a solution that improves our clients' efficiency and performance."

Added Horowitz, "A key differentiator for us is the level of customer service we provide. We handle all technical and client support on our side, requiring no dedicated technical support on the client side. We manage the data and support all customer feeds with both internal systems and third party vendors."

Ipreo's VRT System supports all types of variable rate instruments, including commercial paper, derivatives, VRDOs, SIFMA floaters, and auction rate securities. It is designed to automate and streamline all aspects of trading and provides access to both buy-side and sell-side users. In 2010, over 172,000 trades on issues with a par amount of nearly $244 billion were processed on Ipreo's VRT System, making it among the most robust platforms available.

About Ipreo

Ipreo is a premier global provider of high quality data, market intelligence, and productivity solutions to investment banking and corporate clients. Ipreo has more than 600 employees and operations throughout the US, Europe, and Asia. Ipreo is majority-owned by private equity firm Veronis Suhler Stevenson (www.vss.com). For more information, please go to www.ipreo.com.

SOURCE Ipreo

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