CGS launches new version of its alert service 09 February 2018New York Reporter: Jenna Lomax
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CUSIP Global Services (CGS) has launched a new version of its new issue alert service, CUSIP Pulse.
The service now provides automated, near instant updates on any changes to the CUSIP database.
The update of Pulse is designed to improve reference data transparency by providing market participants with timely updates on any changes made to the CUSIP database.
These updates are provided every 15 minutes, giving market participants near instant insight into any material changes to the underlying reference data in their portfolios and security master files.
Pulse automatically alerts subscribers when new securities are added, or when a change is made to an existing record, such as a corporate action, issue suspension, or maturity date.
The new enhancement is an upgrade to the previous CUSIP service, which included information on new issues, but did not include changes to existing CUSIP records.
Roger Fahy, vice president and COO of CGS, said: "Timely, consistent, and quality reference data has become a critical cornerstone of marketplace efficiency as regulatory reforms and risk and compliance best practices demand greater transparency."
He added: "CUSIP Pulse delivers all CUSIP data activity in a frequency and format that meets our industry's single file timeliness needs while freeing up valuable database resources."
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