Banc of America Securities invests in SecuritiesHub
13 October 2004 | 537 views | 0
Source: Securities Hub LLC
SecuritiesHub LLC, the leading provider of financial information to the fixed income community, today announced that Banc of America Securities LLC, a subsidiary of Bank of America Corporation, has become a strategic investor in SecuritiesHub and a content provider to Bond.Hub, an award winning multi-bank research platform.
Banc of America Securities joins the board of SecuritiesHub along with Citigroup, Credit Suisse First Boston, Goldman Sachs, JPMorgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS Investment Bank, and Communicator Inc, the exclusive technology provider and operator for SecuritiesHub.
Bradford Levy, Chairman of the Board at SecuritiesHub says: "The addition of Banc of America Securities as a strategic investor significantly enhances the reach of SecuritiesHub, and provides the fixed income community with market leading research from Banc of America Securities. This additional content will provide users with insight critical to making informed investment decisions."
Launched in 1999, Bond.Hub allows its users to view commingled headlines, research and secondary inventory as supplied by sell-side institutions. The website additionally offers seamless navigation between the proprietary dealer sites.
Mark Miller, Head of Debt Institutional Sales at Banc of America Securities, underscored the value of the arrangement, "The relationship with SecuritiesHub allows us to provide our clients with greater efficiencies in content delivery. The single sign-on feature of Bond.Hub is a powerful tool that gives our investors easy and fast access to the best available market information."
David Goldman, head of debt research at Banc of America Securities adds, "Bond.Hub is a very effective distribution channel for our research, which recently ranked 4th in investment grade in the Institutional Investor 2004 fixed income survey. The service is a great value added for our fixed income investors."
With over 12,000 institutional investors located in more than 60 countries around the world, SecuritiesHub is the largest and fastest growing fixed income community online. SecuritiesHub protects each of the dealers' brand and content while enhancing customer relationships through Communicator Inc's secure, cross-enterprise identity management technology. Communicator Inc designed, built, and operates Bond.Hub.