Bitvore Corp. added features to its artificial intelligence-powered early warning system that continuously monitors material changes affecting risk across the municipal market.
The new custom topics and reporting are two areas frequently requested by analyst and sales teams preparing for reviews and calls, the company said in a press release issued Tuesday morning.
Bitvore is used to continuously monitor every obligor in the industry by isolating material changes to the obligor identified by CUSIPs of the holdings. There are over 1,000 financial professionals who use Bitvore daily to stay in front of changes happening across the 65,000 issuers and obligors of municipal debt. Bitvore’s AI monitors over 80,000 sources of news plus official filing sources such as the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access and Securities and Exchange Commission’s Electronic Data Gathering, Analysis, and Retrieval system.
The new feature monitors unique, changing topics that are often time-sensitive. The feature allows customers to create their own topics, and also tap into a library of shared alerts on popular pre-created topics by the Bitvore team.
“Custom topics change frequently depending on macro situations," said Jeff Curie, president of Bitvore. "All our customers gain access to a library of topics including the economic impact of oil prices, infrastructure, tax reform, American health Care Act, Obamacare repeal, Zika and tourism, and green bonds, to name a few. Our customers often have the same interests and we are happy to create alerts for new custom topic and share them across subscribers.”
Bitvore for Munis allows users to generate a single report summarizing all material changes in a portfolio of CUSIPs over a time period. Reports include the history of time-stamped material changes reaching back more than two years. The reporting system captures summarized information that subscribers can save and share for audits, due diligence, reviews and customer portfolio reports.
Bitvore for Munis version 3 is online now as a stand along web application including email-based portfolio alerting. It is also available integrated into leading products across the industry, including Investortools Perform and Lumesis DIVER. Bitvore API is offered to integrate Bitvore content into other commercial and custom investment management systems. Annual subscriptions to Bitvore applications are priced based on team size. Standard price lists are available for 2018 budgeting.