Press Releases
25 June 08
Ipreo launches web-based Commercial Paper functionality
New functionality allows brokers to trade all security types electronically
New York - June 25, 2008 - Ipreo, a leading global provider of execution software, data and analytics to investment banks and corporations, has announced this week the launch of a web-based Commercial Paper module to its industry leading Variable Rate Trading platform.
Ipreo's Variable Rate Trading platform has long led the industry in secondary trading of floating rate securities, having been the first provider to allow online electronic trading by the buy side. Recently, Ipreo enhanced its system to allow retail brokers to buy variable rate paper online and give broker dealers the ability to show and trade other broker dealers' inventory in a secure fashion.
This week's launch of the full Commercial Paper module represents a significant innovation to the way commercial paper is traded, giving clients the ability to negotiate commercial paper deals completely electronically.
"Moving commercial paper to the web enhances the way commercial paper is bid on and bought," said Cheryl Horowitz, Managing Director of Short-term Municipals at Ipreo. "We are pleased to be able to offer our clients the ability to trade multiple securities from a centralized web-based platform."
Additional enhancements also launched in this release include a new front-end for Advanced Reporting functionality and the availability of User Defined Reporting, which provides the capability for clients to design and save their own queries and report output.
"We have a long history of advancing the way the municipal markets operate through improved technology," added Horowitz. "We are committed to continuing to innovate and streamline the workflow of our clients."
About Ipreo
Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. From new issuance through ongoing investor management, our unique solutions drive connectivity and efficiency throughout all stages of the capital-raising process. Ipreo is a KKR portfolio company with more than 600 employees supporting clients in every major financial center around the world. For more information, please go to www.ipreo.com.
###
Press Contacts:
- For Ipreo
- Kate McKay
- Managing Director, Global Marketing & Communications
- 212.849.5060
