S&P Global Market Intelligence has launched an automated municipal bond allocation tool.
Integrated into the firm’s muni issuance solution, Municipal Bookbuild, the Municipal Bond Allotment Modeler allows clients to tailor their allocations to the deal’s rules and syndicate’s preferences.
Analysis of allocations, including subscription rates, breakdowns and pass-fail compliance indicators, are generated by the service. Embedded AI provides guidance through the process, built on order comments.
The service has been designed to support predictive analytics and operate within cross-asset workflows. Compliance validation can be completed instantly.
Moving away from manual processes and spreadsheets will reduce errors and inefficiencies, S&P Global stated.
Trading activity in the muni market has been slowly declining, according to SIFMA data, with average daily volumes down 2% year-on-year (YoY) in March by trade count to [XXX], and down 3.3% YoY by par value to US$13 billion.
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