Liquidnet Advances Electronification of Primary Market Workflow with Live Deals

Liquidnet announced the advancement of electronification in the new bond issuance process following the successful transmission of buy-side orders in live market deals from Order and Execution Management Systems (O/EMS) to participating syndicate banks. This workflow follows the initial testing that Liquidnet Primary Markets in collaboration with Invesco Asset Management and Charles River Development (CRD), who were the first O/EMS to facilitate the functionality. Since the launch of the Liquidnet Primary Markets offering, the number of participating banks has grown from 10 to 30+, with coverage on approximately 80% of all European new deal announcements in investment grade, high yield, SSAs, covered bonds and global emerging markets.