2023-06-22 09:10:22 ET
S&P Global ( NYSE: SPGI ) and Bloomberg rolled out an integrated solution that streamlines the lifecycle and workflow of the syndicated primary bond markets, the companies said Thursday.
The new solution connects mutual clients of Bloomberg's fixed income execution management system, TSOX, and S&P Global Market Intelligence's InvestorAccess platform.
It provides market participants an optimized end-to-end primary markets workflow, which includes quick access to the most up-to-date information on new issue securities of interest, electronic order routing and automatic delivery of final allocations.
Traders, in turn, can exchange pertinent order-level information on new issue securities, ultimately minimizing the need for proprietary mapping and manual tracking of security information.
"The benefit we are jointly providing to portfolio managers and traders will create greater efficiencies across asset classes as capital markets become increasingly electronic," said Chris Sztam, head of Global Markets Group at S&P Global Market Intelligence.
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S&P Global, Bloomberg roll out solution for syndicated primary bond markets workflow