(10 August 2020 – Europe) A financial technology provider has recently announced its debut in the primary Debt Capital Market (DCM) through an electronic-based solution. The provider, commonly known as Liquidnet, has designed this technology to focus on automating and streamlining the workflow of new bond issuance.
The technology will provide real-time electronic exchange of information between traders, portfolio managers and syndicated banks (i.e. deal updates, collection of orders, allocation, pricing, etc). The technology has also undergone a two-year validation and workflow design process in close partnership with leading asset managers and banks throughout Europe.
“We are very excited about the launch of Liquidnet DCM and the ability to help bring further efficiencies to the primary market. This is a space which can benefit tremendously from more innovation and collaboration by all parts of the ecosystem, in order to deliver a seamless best-in-class workflow” commented Liquidnet Global Head of Fixed Income, Constantinos Antoniades.