Mergent Inc. Selects BMS for Municipal Security Master Data Integration

At the National Federation of Municipal Analysts (NFMA) Conference this week in San Diego, Black Mountain Systems announced its partnership with Mergent, Inc. as a new data provider to the Everest platform for municipal security master integration. Everest, Black Mountain’s industry-leading enterprise platform, allows users to efficiently access Municipal market, demographic, and customer-generated data in an easy-to-use format. Other key features include trade allocations across 1000s of accounts based on specified asset criteria, commentary and data organized by obligor, configurable workflows, geographical heat mapping to visualize exposure by state and county, and integration with government economic and financial data services to cross-reference holdings with BSL or MSRB data and MMD curves or other indices.

When asked about the partnership, Jonathan Worrall, CEO of Mergent, said, “This exciting combination of Mergent’s superior municipal bond data with Black Mountain System’s Everest platform will bring significant benefits to current and future clients of both of our firms including streamlined trade execution and settlement. We also look forward to giving these clients the ability of automating the onerous task of maintaining their municipal security master.” Mergent, Inc. is a leading provider of business and financial information on global publicly listed companies as well as the exclusive provider of several D&B®/Hoover’sTM library solutions.

Attendance at the NFMA marks Black Mountain’s one-year anniversary of serving the municipal market space. “We are thrilled to be at the NFMA again after the overwhelmingly positive response we received last year, and we are driven to fill the gap presented by the lack of satisfactory technological solutions in the municipal market. With every new release of Everest, our clients make it clear to us that we meet the specific needs of municipal finance and mutual fund professionals in a way that wasn’t available to them before,” said Wayne Elpus, Co-Founder and CIO at Black Mountain Systems.