S&P Launches New Issues Service On the Web Standard & Poor's New Issues On the Web (S&P NOW), a service utilizing "push" technology, has been launched today by Standard & Poor's CUSIP Service Bureau to deliver CUSIP identifiers for competitive and negotiated municipal bond deals to fixed income and equity market participants every 15 minutes. "With S&P NOW, we are fundamentally changing the delivery of new CUSIP numbers to fixed income and equity markets," noted Jim Taylor, managing director, Standard & Poor's, a global provider of independent research, rating and indices, in the press release. "This simple technology-powered service will help broker-dealers meet new regulatory and business requirements for more fluid and efficient markets, particularly in the fixed income arena." S&P NOW supports equities, municipal and corporate bonds as well as subsets of these instruments, including IPOs. The service is particularly timely for the municipal bond markets given their recently shortened trade reporting time frames and the need to access and write trade tickets for the many serial and term bonds associated with each municipal bond offering.
Kenamea to Provide Advisors with Alerts functionality from Legent Clearing
Kenamea, a provider of brokerage alerting, notification and task management systems, announced that Legent Clearing, an independent provider of correspondent clearing services, will deploy Kenamea's ENS-Advisor product.
ENS-Advisor enhances the productivity and compliance of brokerage firms by providing their advisors, operations, and support staff with greater visibility and control of business-critical alerts, notifications and tasks, according to a company release.
"Partnering with Kenamea demonstrates our commitment to excellence in customer service by constantly improving our technology," said Jeff Sime, President of Legent Clearing, in the press release. "With ENS-Advisor, Legent correspondents can enhance their advisers' productivity."
"To be competitive, clearing firms must continue to enhance their services beyond core transaction processing," said Tom Lounibos, CEO of Kenamea. "Legent's adoption of ENS-Advisor is an example of their commitment to providing the highest level of service to their customers."
Existing brokerage alerting and notification systems are often paper based, siloed and inefficient, according to Kenamea. ENS-Advisor enhances these systems with an automated solution in which individuals and teams are alerted immediately of critical events and can respond individually or collaboratively through secure user interaction with integrated access to all necessary back-office systems. ENS-Advisor offers multiple delivery options including in-box, desktop alert, e-mail and phone.