SIAC Rolls Service To Provide Bond Rating Data


The Securities Industry Automation Corp. has launched a service designed to help broker/dealers meet new bond rating disclosure requirements promulgated by the Securities and Exchange Commission and the Municipal Securities Rulemaking Board. The service, called Ratingcheck, is based on a database comprised of bond data from daily feeds from rating agencies and other information providers.

The service is geared to help broker/dealers meet amendments to SEC Rule 10b-10. The rule change, which w