TMC Signs Strategic Partnership Deal for Lumesis' "DIVER Advisor" Suite

CHICAGO, Oct. 10, 2013 /PRNewswire/ -- TMC Bonds and Lumesis, Inc. announced today that they have signed a strategic partnership to offer Lumesis' DIVER Advisor suite of tools to TMC's network of 5,000 traders and over 125,000 financial advisors.  The software suite includes:  (1) The Municipal Bond Report, (2) Compliance Reporting Engine, (3) Portfolio Alerts, and (4) Credit Notes.

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Lumesis ties together disparate data into dynamic reports that are fully integrated into TMC's Trader and Financial Advisor Workstations.  According to Thomas Vales, TMC's CEO, "given the MSRB's recent SEC filing on proposed rules governing time-of-trade disclosure, clients are looking for implementable solutions to fully satisfy their compliance needs and Lumesis offers a leading product to streamline the review process.  DIVER Advisor comprehensively covers 1.4 million CUSIPS from all 54,000 active muni issuers and leverages over 250 datasets from more than 50 underlying sources."    

Gregg Bienstock, Lumesis' CEO comments that "delivering DIVER Advisor through TMC offers our joint client base the ability to efficiently and cost-effectively deploy our comprehensive platform into their workflow.  As the MSRB clarifies the regulatory requirements around time-of-trade disclosure and suitability, the product can be dynamically updated to comply with changing regulatory obligations.  Our integration with TMC offers clients the ability to tailor the configuration of Advisors' compliance and portfolio surveillance with a robust reporting engine."

James Wangsness, TMC's COO, further notes that "we were impressed with Lumesis' engagement of regulators and industry professionals in refining their solutions.  Client receptivity has been encouraging as DIVER Advisor solves real world issues for Financial Advisors, Traders, and Compliance/Trade Surveillance staff in a one-stop and time efficient manner.  Given that the fixed income community is assembling today in Chicago for the Bond Dealer of America's National Fixed Income Conference, it is an opportune time to assist the marketplace in enhancing transparency on behalf of underlying investor clients."

About TMC Bonds
TMC is a leading fixed income marketplace based in New York City.  TMC is responsible for 31.2% of all inter-dealer municipal trading as per the most recent MSRB statistics ⁽³⁾.  Beyond Municipals, the firm offers extensive taxable markets including Agencies, CDs, CMOs, Corporate Bonds, MBS Pools, MTNs, Structured Products, and Treasuries.  TMC recently launched its negotiated municipal multi-dealer underwriting application ⁽⁴⁾—the forward calendar of which is available on our home page.  TMC is majority owned by Bank of America Merrill Lynch, Citi Global Markets, Assured Guaranty, and Morgan Stanley.  For more information, visit www.tmcbonds.com.

About Lumesis
Lumesis is a cloud-based financial technology company dedicated to delivering powerful technology to the Municipal Marketplace. Lumesis has three products in its DIVER solution offering.  DIVER Advisor is a comprehensive information delivery and compliance solution serving Financial Advisor networks.  It is designed to improve customer satisfaction, while protecting the firm through a robust compliance infrastructure.  DIVER Analytics is a suite of powerful analytical and visualization tools serving Credit Analysts, Portfolio Managers and Risk Managers.  DIVER Data Services matches user data and information needs with comprehensive data, analytical and delivery expertise. To learn more about Lumesis, please visit www.lumesis.com or contact us at [email protected].

Footnotes:

¹ http://www.msrb.org/Rules-and-Interpretations/SEC-Filings/~/media/Files/SEC-Filings/2013/MSRB-2013-07.ashx
² http://www.finra.org/Industry/Regulation/Notices/2010/P122113
³ Based upon August 2013 MSRB supplied statistics—TMC's share of all Dealer-to-Dealer executions.
⁴ https://www2.themunicenter.com/918003.PDF.

SOURCE TMC Bonds