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InvestorAccess Welcomes 500th Institutional Investor, a Key Milestone in Electronification of Primary Fixed Income Market
06 April 2021
IHS Markit has grown the buyside
InvestorAccess community to 500 institutional investors,
demonstrating an ongoing momentum in the adoption of its digital
primary market platform.
InvestorAccess first launched in 2017 to meet the sellside and
buyside demand for electronification and enhanced efficiency in the
primary fixed income market. The platform is part of a global
offering from IHS Markit, with accessibility available to all
banks.
"As InvestorAccess welcomes its 500th institutional investor to
the community, we look forward to broadening our collaboration with
firms across primary markets," said
Chris Sztam, SVP & Head of the Global Markets Group at IHS
Markit. "Primary markets are driven by interoperability and the
open exchange of critical information, and with this in mind, we
will continue to partner with leading market participants to enable
best-of-breed solutions for the entire ecosystem."
InvestorAccess provides access to more than 95% of the European
and 80% of the Asian primary fixed income market, based on its
connectivity to 55 banks. IHS Markit is scaling these efficiencies
to the US market, where its
IssueNet platform is used for 98% of corporate investment grade
issuance. Using InvestorAccess, all US banks are able to
communicate consolidated deal terms to the buyside, providing the
same efficiencies that are available in Europe and Asia.
In addition to consolidated deal terms, documentation and
updates for primary market deals can be communicated directly from
the syndicate desk to the buyside - and can be viewed in a
web-based deal calendar, or consumed directly by buyside systems,
enabling a quicker decision on whether to participate in the deal.
InvestorAccess can manage the implementation of mandatory terms at
each stage of the deal, such as those recommended by the
International Capital Market Association at announcement, ensuring
that information received by the buyside is consistent across every
deal.
InvestorAccess also facilitates the electronic communication of
orders and allocations between the buyside and sellside. The
platform has seen significant year-on-year growth in orders
communicated, with additional growth expected following the
completion of the InvestorAccess/FIX API. The first buyside OMS/EMS
platform has already integrated with InvestorAccess using this FIX
API connectivity, as several additional OMS/EMS vendors are slated
to be added throughout 2021, bringing extended straight-through
processing to the primary market.
IHS Markit provides a standardized electronic workflow and
reference data to expedite the buyside's ability to assimilate
information about global primary markets - a key benefit to all
industry participants as they explore opportunities to advance
innovation.