NEW YORK, NY â April 25, 2005 â Standard & Poorâs "New Issues On the Web" (S&P NOW), an innovative service utilizing "push" technology, has been launched today by Standard & Poorâs CUSIP Service Bureau to deliver CUSIP identifiers for competitive and negotiated municipal bond deals to fixed income and equity market participants every 15 minutes.
"With S&P NOW, we are fundamentally changing the delivery of new CUSIP numbers to fixed income and equity markets," notes Jim Taylor, Managing Director, Standard & Poorâs a leading global provider of independent research, rating and indices. "This simple technology-powered service will help broker-dealers meet new regulatory and business requirements for more fluid and efficient markets, particularly in the fixed income arena."
S&P NOW supports equities, municipal and corporate bonds as well as subsets of these instruments, including IPOâs. The service is particularly timely for the municipal bond markets given their recently shortened trade reporting timeframes and the need to access and write trade tickets for the many serial and term bonds associated with each municipal bond offering.