Financial Sciences Automates Delivery of CP Offering Rates
Financial Sciences Corporation has expanded its electronic trading processing partnership with Bloomberg, the financial information company, to include automated delivery of published commercial paper issuance offering rates. ‘By automating electronic delivery of commercial paper offering rates, issuers have a complete straight through processing solution,’ said Pam Ely, Product Manager Direct Issuer Commercial Paper electronic trading platform for Bloomberg. Rates are delivered electronically from ATOM Money Market Trading to Bloomberg for listing on Bloomberg’s DOCP page. ATOM Money Market Trading is a Financial Sciences Corporation system that supports the specialized processing needs of large direct issuers of commercial paper and other money market securities. The system includes a direct connection to Bloomberg that allows for the secure entry of commercial paper purchase requests by end investors.