Primary Indication Management is a workflow tool designed for Portfolio Managers and Traders to determine demand for new issues and distribute partial allocations across funds.
A component of our buy-side platform for primary issue
Multiple solutions work together to optimize the new issue process for the buy-side community. One of those solutions is Primary Indication Management, intended to streamline the workflow within a buy-side firm to increase efficiency and reduce operational risk.
Primary Indication Management (PIM) integrates seamlessly with our buy-side suite of solutions, which include DealMonitor, InvestorAccess, DealServices API, FIX connectivity, and ComplianceWorkstation.
Timely and systematic information delivery
Primary Indication Management gives you the ability to collaborate on new issuance across your firm and coordinate deal announcement distribution and aggregated indication of interest.
Portfolio Managers have access to real-time new issuance information and can place internal orders, including limits, at a sub-account level to be sent to the trading desk.
The Trader will see internal demand build in real-time while addressing multiple limits and can indicate an aggregate order to the syndicate banks.
As deal terms change and internal orders are adjusted, our Aggregation Worksheet makes it easy for a Trader to clearly understand internal demand and reconcile this with what has been reflected to syndicate – allowing the trader to determine when action is necessary.
Aggregation Worksheet allows traders to take necessary action with clear and easy to understand demand data
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Allocations will be communicated to the Trader at an aggregate level for the firm in InvestorAccess. The Trader will pass allocations into Primary Indication Management where they can be allocated to the Portfolio Manager or sub-account. The Portfolio Manager will be able to see their allocations in the Primary Indication Management module when it is released by the Trader.
A Final Trade Report is available for each deal or range of deals which can be shown and exported at a Firm or sub-account level.
All information related to deal terms, book states and internal actions (such as order placement, modification, etc.) are captured in a comprehensive audit trail and preserved after the deal is complete.
Connectivity to existing systems
Workflows and data can be integrated into legacy third-party or in-house systems using industry standard protocols.
Integrate with the full buy-side suite
Our order workflow is designed to integrate and connect seamlessly with other components of our buy-side suite of solutions, which include DealMonitor, InvestorAccess, DealServices API, FIX connectivity, and ComplianceWorkstation.