Knight BondPoint to Distribute Muni Deal Abstracts and Disclosure Documents from DPC DATA (pdf version)
Fort Lee, NJ (USA) – September 13, 2010, DPC DATA, a leading provider of municipal bond disclosure data, research and data services, today announced that Knight BondPoint, a subsidiary of Knight Capital Group, will offer DPC DATA’s MuniPOINTS®abstracts and MuniDOCS® Online document portal in trading platforms used by dealers and financial advisors.
“Streamlining the municipal bond sales process today is a challenge as regulators require firms to provide additional disclosure and meaningful guidance to investors,” said Marshall Nicholson, managing director of Knight BondPoint, a leading provider of electronic fixed income technology solutions and cost-efficient trade execution services.
“Well beyond the workflow of orders and settlement, this challenge extends to research and analysis of disclosure documentation that may not be simple to track. With DPC DATA, we have a partner that understands the problem. Their information products and tools integrate seamlessly into our clients’ workflow via the Knight BondPoint product suite.”
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 offer one-click access to all related primary and secondary market disclosure documents, including material event notices, via the MuniDOCS Online portal. When e-mailed from dealer to customer, MuniPOINTS documents make a clear statement that the dealer cares enough to make investment research easy and fast for investors.
“We welcome Knight BondPoint to the growing group of channel providers and capital markets firms choosing DPC DATA’s innovative research and risk management solutions, as well as our high-quality archive of municipal bond disclosure data,” said Michael Ruvo, president of DPC DATA. “In today’s business environment, it is crucial for both dealers and investors to have the best information and decision support tools. We look forward to supporting Knight BondPoint and their clients in the municipal marketplace.”
Municipal bond disclosure information and customer notification workflow to be integrated for dealers and financial advisors
Knight Capital Group, Inc. (NYSE Euronext: KCG) is a global financial services firm that provides market access and trade execution services across multiple asset classes to buy- and sell-side firms. Knight’s hybrid market model features complementary electronic and voice trade execution services in global equities and fixed income as well as foreign exchange, futures and options. The firm is the leading source of liquidity in U.S. equities by share volume. Knight also offers capital markets services to corporate issuers. Knight is headquartered in Jersey City, NJ with a growing global presence across the Americas, Europe and the Asia-Pacific region. For more information, please go to www.knight.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. DPC DATA is a privately held firm, headquartered in Roseland, NJ. For more information please visit www.DPCDATA.com or e-mail us at firstname.lastname@example.org.