Merrill Lynch Chooses Clovis for Outlook

Jun 11, 2004

Clovis, a communications software provider, has announced that Merrill Lynch has implemented its email management system, Clovis for Outlook, in an effort to enable its investment banking sales staff to send customized and timely information to clients on a one-to-one basis, while avoiding email and information overload. Merrill Lynch is able to send corporate bond market indices and prices directly to its clients' desktop within Microsoft Outlook that are automatically filed into folders, merged, and updated as new emails arrive. This data can also be linked directly to Excel so new emails automatically update desktop spreadsheets. The system is a vehicle for expanding business in existing and new markets, particularly in niche markets where there are currently no multi-bank hubs for publishing prices. The bank has started with corporate bonds, but plans to introduce corporate bond repos, stock loans, and other less established products. It also hopes that other banks will adopt the technology to improve the benefits to the buy-side. Clovis for Outlook is designed specifically to be simple to install on both sides and addresses the speed, security, and reliability that financial institutions require for their communications.