About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Liquidnet Electronifies Bond Issuance Workflow with Live Deals

Subscribe to our newsletter

Liquidnet, the agency execution specialist, has achieved the next stage of its electronification of the new bond issuance process, by successfully transmitting live buy-side orders in from Order and Execution Management Systems to participating syndicate banks. The electronic workflow follows the initial testing that Liquidnet Primary Markets conducted earlier this year in collaboration with Invesco Asset Management and Charles River Development (CRD), who were the first O/EMS providers to facilitate the functionality.

“This is a big step,” says Paul Tregidgo, Senior Advisor with Liquidnet. “We’ve now demonstrated the delivery of orders direct from the buy sides’ order management systems to the banks, in the context of live transactions. And there were several participating institutional investors and syndicate involved, looking at how the process works on actual deals.”

Since the launch of the Liquidnet Primary Markets offering, the number of participating banks has grown from 10 to 30+, with coverage on approximately 80% of all European new deal announcements in investment grade, high yield, SSAs, covered bonds and global emerging markets.

Tregidgo emphasises that Liquidnet is following an iterative process. “Now that we’ve demonstrated the delivery of order information to the banks in electronic format, the next step is to work not just with the banks, but with the entire ecosystem, to enable that actionable information to be ingested in the most efficient way possible,” he says.

The key is for participants to be able continue to use existing O/EMSs and not have to modify their workflows, says Tregidgo. “If we can deliver this electronification and improve efficiency with the system almost being invisible, in the background and integrated with the tools of the market, then we’ve done our job,” he says. “That’s the that’s the goal here.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: New solutions to the old problems of compliance with communications surveillance regulation

Date: 6 December 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Communications surveillance is an integral element of trading at financial institutions, and its functions are clearly set out in jurisdictional regulations – to capture, record and retain all communications. Essentially, all business related communications must be recorded whatever the...

BLOG

Bloomberg Makes Strategic Investment in Insightful Technology and Integrates with Soteria

Bloomberg has made a strategic investment in London-based Insightful Technology, the owners and operators of the Soteria Integrated Compliance Solution, and entered into a commercial collaboration with the company. As part of the collaboration, Soteria will be integrated with Bloomberg Compliance Solutions, which includes Bloomberg Vault among other real-time Bloomberg surveillance systems and preventative controls,...

EVENT

RegTech Summit APAC

Now in its 2nd year, the RegTech Summit APAC will bring together the regtech ecosystem to explore how capital markets in the APAC region can leverage technology to drive innovation, cut costs and support regulatory change. With more opportunities than ever before for RegTech to add value, now is the time to invest for the future. Join us to hear from leading RegTech practitioners and innovators who will share insights into how they are tackling the challenges of adopting and implementing regtech and how to advance your RegTech strategy.

GUIDE

Trading Regulations Handbook 2022

Welcome to the third edition of A-Team Group’s Trading Regulations Handbook, a publication designed to help you gain a full understanding of regulations that have an impact on your trading operations, data and technology. The handbook provides details of each regulation and its requirements, as well as ‘at-a-glance’ summaries, regulatory timelines and compliance deadlines, and...