Municipal bond software vendor Lumesis, Inc. launched a new product on Monday that is designed to offer municipal market professionals easy and cost-effective access to comprehensive bond reports.
DIVER Ambr, short for Advisor Municipal Bond Report, is a web-based tool that combines various municipal bond information into one report for every CUSIP.
Each bond report includes sector-based demographic and economic data, location-based news sources, sector identification and geolocation, terms and features, price and yield history, official statements and continuing disclosure links, and issuance advisors and participants.
“What we are doing that’s different is, first off, we’re aggregating all the information in one report for every CUSIP,” Gregg Bienstock, co-founder and chief executive officer of Lumesis, said in an interview.
“You type in a CUSIP and all the information is generated at once, instead of clicking through multiple screens or going to multiple sources to get the information.”
The product also offers sector-based demographic and economic data that has been compiled for every bond, as well as news sources on a local, county, and state level, which come from a database of over 5,100 sources.
“Our platform leverages our technological sophistication and database to simplify the process of aggregating data from multiple sources to an integrated offering that generates in seconds,” said Tim Stevens, co-founder and president at Lumesis.
“To encourage analysts and managers from top tier asset managers, banks, investment banks, insurance companies, mutual funds, and hedge funds to try Ambr, we are offering complementary access for the month of December.”
Anyone can sign up for a free trial on the company’s website.
After December, Lumesis will charge $200 per month or $2,000 per year, both of which include access to 20 reports per month, after which subscribers will pay a per-click fee for each additional report.
“One of the things we want to make clear to everyone is that this solution is very comprehensive and cost-effective,” Bienstock said.
Lumesis, which was founded in July of 2010, is a cloud-based financial technology company dedicated to delivering technology for the fixed income municipal market place. Its DIVER platform offers data for more than 54,000 issuers and includes DIVER Analytics, DIVER Advisor, and now, DIVER Ambr.
DIVER Analytics is a suite of analytical and visualization tools geared toward credit analysts, portfolio managers and risk managers. DIVER Advisor supports financial advisors serving retail clients.
“Our objective is to be the software service provider to the municipal market and, over time, to continue to expand to address all the constituents in that market,” Bienstock said.