MarketAxess Holdings Inc., the operator of a leading electronic trading platform for fixed-income securities and DirectBooks, the capital markets platform focused on optimizing global financing markets, announced an agreement to provide mutual clients with streamlined access to DirectBooks’ primary issuance information and workflow tools through a new MarketAxess integration.

For the first time, mutual clients of DirectBooks and MarketAxess will be able to manage their primary processes through a separate interface on MarketAxess, increasing workflow efficiency and access for buy-side traders. The integration allows MarketAxess clients to review DirectBooks deal announcements, submit indications of interest, and receive allocation messages from syndicate desks, providing increased speed, accuracy, and transparency across the deal lifecycle.

“DirectBooks is delighted to welcome MarketAxess as our newest connectivity partner,” said Rich Kerschner, Chief Executive Officer of DirectBooks. “We are committed to enhancing efficiency across the primary markets for all counterparties. Integrating with MarketAxess was a natural choice given their scale, technology leadership, and deep client network in global fixed income.”

“We are excited to be working with DirectBooks to solve our clients’ workflow and data challenges across the entire lifecycle of a corporate bond,” said Chris Concannon, Chief Executive Officer of MarketAxess. “This integration not only delivers high quality structured data and connectivity to our clients but also streamlined access to the primary issuance process.”

The integration will be available to mutual clients in Q2.

Source: MarketAxess