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 premier global provider of high quality data, expert insight, and productivity solutions to Investment Banking and Corporate clients. With decades of experience serving the capital markets, a reputation for superior customer service, and a commitment to creating technologies that improve our clients’ performance, Ipreo is both a dynamic innovator and a trusted resource. Ipreo has approximately 500 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.
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Press contact:
Kate McKay
212.849.5060