SumRidge Completes Municipal Securities Database

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Jersey City, N.J.-based fixed-income market-making firm SumRidge Partners had lacked a complete source of municipal securities reference data after its founding two years ago. Since then, SumRidge had been using a major data provider's off-the-shelf system, says Tom O'Brien, CEO and president of the firm.

In mid-August, however, after several months of talks and planning, SumRidge implemented Interactive Data's Apex reference data suite. "The integrity of data, the scope of the securities, the s