Lumesis, Ipreo Partner to Deliver Time-of-Trade Disclosure

Lumesis Inc. and Ipreo announced on Monday a new strategic partnership that aims to help clients in the municipal bond market comply with a myriad of securities regulations.

DIVER Advisor Municipal Bond Reports from Lumesis can now be directly accessed on Ipreo's Bookrunning system.

These reports address compliance with the Municipal Securities Rulemaking Board's Time-of-Trade Disclosure Rule (G-47), amended Suitability Rule (G-19) and Supervisory requirements (G-27).

"This partnership brings a solution for time-of-trade disclosure regulations directly into the Ipreo new issue workflow," Gregg L. Bienstock, CEO and Co-Founder of Lumesis, said in a press release. "Delivery of the Official Statement does not address disclosure obligations, so Ipreo users will benefit from the simplicity of accessing our comprehensive muni bond reports for new issue compliance."

The reports offer comprehensive, CUSIP-driven overviews for more than 1.1 million municipal bonds.

"Streamlining our clients' workflow through the integration of data and software is the core premise of our solutions," said Allen Williams, EVP & Managing Director at Ipreo. "Having the DIVER Advisor reports directly available from our bookrunning application enhances our clients' compliance efforts in keeping with new regulations."

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