Lumesis introduced a new product available on Ipreo's platform to help municipal bond underwriters navigate the new regulatory landscape.
A response to the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation initiative and the continued regulatory focus on underwriting practices, Diver Underwriter will help companies perform reasonable diligence consistent with their policies and procedures, Lumesis said in a press release Tuesday.
By increasing efficiency, companies may also be able to increase the number of deals they can bid on while still meeting regulatory requirements.
"The launch of Underwriter demonstrates our continued commitment to delivering technology resources to the municipal bond market," Gregg L. Bienstock, CEO and co-founder of Lumesis, said in the release.
Ipreo will integrate Underwriter onto its Municipal Information Center platform to allow access to the program directly from the Ipreo deal calendar.
"We are pleased to expand our relationship with Lumesis," said Allen Williams, EVP and Managing Director at Ipreo, said in the release. "Enabling direct access to Underwriter is in line with Ipreo's continued commitment to providing the municipal community with the tools they need to effectively deal with the ever-changing regulatory environment."
