Execution specialist LiquidNet has completed live deals on its primary market workflow, marking an increase in the company’s use of electronification in the bond issuance process.
This follows the firm’s testing of new features for Liquidnet Primary Markets in February 2022, which saw investors and syndicate banks able to communicate directly through order and execution management systems (O/EMS).
LiquidNet Primary Markets intends to streamline bond issuance processes and workflows, electrifying the entire lifecycle of a bond.
Mark Russell, global head of fixed income at LiquidNet, says: “We are delighted to deliver on our promise; a primary market workflow that brings real efficiency to the live deals in the market. This is only possible because of the relationships we share with the buy and sell side, our deep connectivity and collaborative approach with partners across the ecosystem.”
Jonathan Gray, head of primary markets at EMEA, comments: “We have been on this electronification journey alongside the buy side for a number of years now. We launched our Primary Markets solution a year ago.
“Since then, we have enabled investors to send orders via their E/OMS, partnered with firms involved in this electronification effort and grown our network of participating syndicate banks substantially. With these live deals, we have now proven that it all works.”