Ipreo’s Electronic Order Submission Solution Premieres with a Deal for Commonwealth Bank of Australia
Backed by major banks, Ipreo’s solution allows investors to electronically submit orders directly to sell-side syndicate banks on fixed-income issues.
A five-year GBP-denominated covered bond transaction was executed for a Commonwealth Bank of Australia (CBA) deal last Thursday led by CBA, HSBC and Nomura. It is the first time both sell-side and buy-side participants have conducted the deal process electronically on a live primary issue.
Market intelligence provider Ipreo has worked on the solution with global financial institutions for over two years, seeking to improve efficiency in the primary-issue process.
Investor Access allows the investors to be alerted to new-issue announcements, receive structured information on deal terms and conditions, submit and manage orders, and receive electronic notification of allocation and pricing details, along with other deal-related information such as the prospectus and final terms.
The initiative is the result of collaboration between 11 sponsoring banks and over 100 buy-side participants.
The original group includes BNP Paribas, Crédit Agricole CIB, Commerzbank, Goldman Sachs, HSBC, ING, MUFG, NatWest Markets, Santander, Societe Generale, and UBS.
Investor Access is available to all banks in Europe, the Middle East and Africa and Ipreo has been working with major banks in Asia to prepare for going live this year.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Front-Office Tech
Waters Wavelength
Waters Wavelength Podcast: Sustainability and the circular economy
Garry Cooper, CEO and co-founder at Rheaply, joins the podcast to discuss the circular economy and how technology plays a part.
Subscribe to Weekly Wrap emails
Most read
- The future of algo trading: Using deep learning to more accurately predict equity market volumes
- AFTAs 2021: All the Winners
- Buy-Side Technology Awards 2021 Winner's Interview: IHS Markit (Corporate Actions)
- Regulators turn gaze on ESG rating providers—for better or worse
- Post-trade in the cloud: Startup RQD aims to reimagine clearing