Knight Capital Group Inc. announced that Knight BondPoint, its desktop point-and-click trading platform, will now give clients access to disclosure data, research, and data services published by DPC Data.
Knight Capital is a Jersey City, N.J.-based financial services firm founded in 1995. It provides trade-execution services across multiple asset classes to buy-side and sell-side firms.
Knight has been taking a more active interest in the municipal world since 2008 when it acquired Libertas Partners, a boutique institutional fixed-income broker-dealer that offers high-yield, distressed debt execution. BondPoint, previously named ValuBond, was acquired in 2006 and renamed in 2008.
Better accessibility to disclosure statements is crucial in light of new regulatory standards, according to Marshall Nicholson, managing director in charge of BondPoint. He said streamlining the municipal sales process can be challenging.
“Well beyond the workflow of orders and settlement, this challenge extends to research and analysis of disclosure documentation that may not be simple to track,” Nicholson said. “With DPC Data, we have a partner that understands the problem. Their information products and tools integrate seamlessly into our clients’ workflow.”
DPC Data, a privately held firm based in Fort Lee, N.J., and founded in 1992, provides clients with bullet-point summaries of disclosure statements, called MuniPOINTS. It also gives point-and-click access to related documents through an online portal called MuniDOCS.
Michael Ruvo, president of DPC Data, said he looked forward to the partnership.
“In today’s business environment, it is crucial for both dealers and investors to have the best information and decision support tools,” he said.
DPC also maintains a comprehensive archive of municipal bond disclosure data at www.munifilings.com. Access dates back to 1990 and it is open to the public.