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NEW YORK - Standard & Poor's J.J. Kenny division has introduced a new software package that is designed to help municipal bond traders meet accelerated settlement schedules.

The Microsoft Windows-based software, called Kennyconnects, integrates three Standard & Poor's on-line data delivery products to offer the securities industry expanded municipal and corporate bond descriptions.

The package is designed to make it easier to comply with new Securities and Exchange Commission regulations - known as T+3 - that require firms settle trades within three days.

"The new state-of-the-art Kennyconnects delivery system has been specifically designed for bond market trading professionals and their back- office operations which require timely data," said J.J. Kenny product manager Peter Fiore. "The Kennyconnects integration capabilities make it easier for bond traders to process trades for T+3 settlement, and for bond researchers to analyze descriptive data and pricing of bonds."

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