Radianz, the leading global provider of financial connectivity services, today announced that TheMuniCenter, an online source of fixed income product, distribution and liquidity within the bond industry, has joined Radianz’s global community of providers.
As a Provider on the Radianz network, TheMuniCenter will make available its two-sided trading, price negotiation and sophisticated analytical tools via one fully managed connection to the Radianz community of 10,000 financial services sites worldwide.
TheMuniCenter offers market participants the only source of live bond prices that are immediately executable; with its trading platform enabling users to trade secondary municipal, corporate, and agency securities electronically. Orders may be entered on new-issue Medium Term Notes, Certificates of Deposit, and equity-linked notes. The marketplace is supported by full two-way price negotiation whereby users can post bids, offerings, and counters on every item listed. Through the Radianz connection, TheMuniCenter provides a ticketless trading environment that facilitates straight-through processing and allows trade information to be reported in real time to clearing firms and regulatory bodies, ultimately increasing trade and price discovery for all participants.
"We chose to work with Radianz because of its reputation as the top shared connectivity provider in the financial services industry," said John Craft, director of business development at TheMuniCenter. "TheMuniCenter wants to help its users comply with the requirements of a real-time trade reporting environment, while providing connectivity redundancy in a disaster recovery scenario. Through Radianz, we will be able to offer enhanced, uniform connectivity to all of our business-to-business partners."
"Real-time trade reporting is a significant step in the evolution of municipal and corporate bond markets," said Harrell Smith, analyst in the Securities and Investments practice at Celent. "Electronic trading platforms offering an integrated matching solution are well positioned to help clients meet the Municipal Securities Rulemaking Board’s new trade reporting requirements. Partnering with Radianz will help TheMuniCenter address these requirements and facilitate broader STP initiatives within fixed income markets."
"TheMuniCenter is part of an increasing number of providers in the fixed-income space that are realizing the value of being a part of a shared infrastructure," said Chris Church, Radianz's EVP of strategic client development. "More and more firms are turning to Radianz for connectivity because of our pure focus on the global financial community and the critical mass we’ve achieved."