Ipreo, CUSIP Team Up to Integrate Services

Partnership Aims to Streamline Workflows in Equities, Fixed Income

bill-sherman-ipreo
Bill Sherman, global head of data strategy and analytics, Ipreo

Ipreo and CUSIP Global Services (CGS) are extending a 20-year partnership to provide integrated services for securities issuances.

The two companies announced an agreement this week that will see them cooperate to provide identifiers such as the Cusip and the International Securities Identification Number (ISIN) to both equity and fixed-income securities issued with Ipreo's bookbuilding system. They have offered a similar service in the municipal bond market since 1985.

The companies say that

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Cutting through the hype surrounding the FDTA rulemaking process

A bill requiring US regulators and institutions to adopt a machine-readable data framework for reporting purposes applies to entity identifiers, but not security identifiers, in a crucial difference, writes Scott Preiss, SVP and global head of Cusip Global Services.

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