MarketAxess and DirectBooks have recently entered into a strategic partnership that aims to improve. The accessibility of primary issuance information for their joint clients. This new connectivity solution enables institutional investors to handle the entire bond process from a single, integrated platform. As a result, buy-side traders are able to access announcements of deals. Obtain allocations in a more efficient manner than before. This development has greatly improved the transparency of the global fixed-income market. The solution enables users to send indications of interest to the syndicate desks. In addition, it facilitates the transition from primary market deals to secondary market trading activities.
“DirectBooks is delighted to welcome MarketAxess as our newest connectivity partner,” said Rich Kerschner, Chief Executive Officer of DirectBooks. “We are committed to enhancing efficiency across the primary markets for all counterparties. Integrating with MarketAxess was a natural choice given their scale, technology leadership, and deep client network in global fixed income.”
Integration Targets Data Gaps in Corporate Bond Markets
Improving Bond Market Access and Workflows. The partnership aims to solve key data issues that tend to hinder the corporate bond market. In particular, the integration of the two companies brings together. The enormous liquidity pool of MarketAxess and the optimal financing solutions of DirectBooks. This should enable companies to make faster and more informed decisions in the initial stage of the bond offering. At the same time, the two companies are targeting the second quarter. By 2026, the full service will be available to clients.
“We are excited to be working with DirectBooks to solve our clients’ workflow and data challenges across the entire lifecycle of a corporate bond,” said Chris Concannon, Chief Executive Officer of MarketAxess. “This integration not only delivers high-quality structured data and connectivity to our clients but also streamlined access to the primary issuance process.”
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News Source: Businesswire.com
