About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

BondDesk to Distribute DPC’s MuniPOINTS Data Service

Subscribe to our newsletter

DPC Data and BondDesk Group have forged a strategic alliance under which BondDesk, provider of a retail fixed income trading platform, will distribute DPC’s data service MuniPOINTS. The service summarises all the key facts on any US municipal bond deal in a one page sheet. MuniPOINTS has been implemented during the past year by a major broker/dealer, DPC says. New Jersey-based DPC was founded in 1992 and provides securities related data products and services to more than 600 financial institutions and information intermediaries .

Michael Ruvo, president of DPC Data, says the vendor is differentiated by the timeliness and accuracy of its data. “We make the filings available sooner, and provide a robust index to enable highly sophisticated searches,” he says. The deal sheets are indexed by Cusip. “Everything is in a standardized PDF format and our technology infrastructure enables very fast downloads,” he continues.

DPC’s data production is done at its offshore subsidiary in Manila, from where the vendor also provides customised outsourcing services. “We are not just producing static reference data: we are extracting different narrative portions of the official statement. To do this effectively, there must be a manual process performed by a trained data analyst,” Ruvo says.

DPC approached a number of its existing documents clients with the MuniPOINTS service, and gained consistent feedback: “They loved the product, and thought it would be a good selling tool, but they needed the information in the context of their workflow. For many of them, that is the BondDesk trading platform.”

BondDesk will integrate MuniPOINTS as an optional data service into its ATS trading platform. Available on a subscription basis, the service is scheduled to be in production with customers by the first quarter of next year.
Tony Miscimarra, president of BondDesk Trading, says: “MuniPOINTS is an important decision support tool, the use of which becomes more effective when access to it is tied to BondDesk’s live and executable offerings. There are other online sources for official statements, but we question who would actually bother to read them. The one page abstract is far more accessible, and therefore useful when it comes to disclosure at the point of sale.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Tackling digital transformation challenges for operations teams

Digital transformation is a hot topic in capital markets, promising modernisation, better decisions, and faster time to market. It can deliver innovative front-office customer-facing applications and cloud solutions – but what is often forgotten is the role, and importance, of the back office in these transformative programs. Digitisation can only be as effective as the...

BLOG

Datactics Partners Solidatus and MANTA, Supports Clients Developing Data Fabric

Datactics has made technology partnerships with Solidatus and MANTA with a view to helping clients build data fabric architecture that enables them to visualise and understand data quality at rest and in motion across the enterprise. By combining Datactics’ self-service data quality and matching software with Solidatus’ data lineage discovery, visualisation and management solution, clients...

EVENT

TradingTech Insight Briefing New York

TradingTech Insight Briefing New York will explore how trading firms are innovating and leveraging technology as a differentiator in today’s cloud and digital based environment.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...