CMS BondEdge to Include DTC Money Market Data.LOS ANGELES--(BUSINESS WIRE)--June 21, 1999-- Capital Management Sciences, a division of Data Broadcasting Corp. (Nasdaq:DBCC DBCC Daytona Beach Community College (Florida) DBCC District Business Conduct Committee (NASD) DBCC Desert Breeze Community Church (Glendale, AZ, USA) ), announced the integration of money market securities data from The Depository Trust Company Depository Trust Company (DTC) DTC is the world's largest central securities depository. It accepts deposits of over 2 million equity and debt securities issues (valued at $23 trillion) from over 65 countries for custody, executes book-entry deliveries (valued at over $116 trillion (DTC DTC See: Depository Transfer Check DTC See: Depository Trust Company DTC See Depository Trust Company (DTC). ) into CMS's BondEdge product. The data will be included as a component of BondEdge, the leading fixed income software package, giving institutional investors a single source for money market data, SEC 2a-7 compliance reporting and longer-term bond portfolio analysis. DTC's database includes more than 31,000 securities, which represents virtually all the U.S. commercial paper market as well as a significant number of bank CDs, bankers acceptances and other issues. "BondEdge's SEC Rule 2a-7 module and extensive analytic capabilities, combined with DTC money market data, streamlines daily valuation and reduces data entry for managers of short-term portfolios. Investment managers now have the ability to automate the compliance process," stated Laurie Adami, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. . "We are pleased to work with CMS to make this data available to the marketplace. This arrangement streamlines a daily process that is heavily reliant on having access to the most up-to-date data and makes sense from an operational standpoint," said Robert Nicholson Robert Nicholson is the name of:
About The Depository Trust Company DTC is the world's largest securities depository, holding $20 trillion in assets for its participants and their customers. DTC is a national clearinghouse for the settlement of trades in corporate and municipal securities and performs securities custody services for its participating banks and broker/dealers. Last year, DTC processed more than 164 million book-entry deliveries valued at more than $77 trillion. Owned by members of the financial industry who are its users, DTC is a limited purpose trust company under New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Banking Law, a member of the Federal Reserve System and a registered clearing agency with the Securities and Exchange Commission. About CMS Founded in 1979, CMS is the recognized leader in fixed income analytical software with more than 500 institutional investor clients. Long known for BondEdge, CMS is considered an independent source of research, analytics and valuation tools. CMS is a division of Data Broadcasting Corp., a leading provider of real-time market data, stock quotes, and financial news and information delivered via the Internet. CMS also offers InSite, an Internet-delivered, real-time market data system covering the equity, fixed income, currency and commodity markets. InSite offers fully integrated news, commentary and analytics making it the preferred alternative for the institutional market. More information on CMS is available at www.cms-info.com. Corporate information on DBC See dBA. (language, parallel) DBC - A data-parallel bit-serial C based on MPL. SRC, Bowie MD. E-mail: <maya@super.org>. is available at www.dbc.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion