Ipreo to launch Investor Access: Banks to publish deals to buy-side

Global financial services technology and data provider Ipreo has been testing a platform that enables sell-side banks to publish deals to the buy side, called IssueLaunch.

The platform publishes new-issue terms and conditions to buy-side investors. While it can be used as a standalone application, it is also a core component of Ipreo’s Investor Access platform that is being developed in partnership with 11 banks. According to Ipreo, Investor Acess allows buy-side investors to electronically submit Indications of Interest (IOIs) on fixed-income deals directly to the syndicate book, and will go live later this year.

The company held by Blackstone and Goldman Sachs Merchant Banking Division, that supports all market participants in the capital-raising process, has recently performed a test in Asia, with nine investment banks and nine buy-side firms during the month of February.

The Asian experience follows testing and roll out of IssueLaunch in Europe in Q4 2015. More than 150 live deals have been announced over the platform, with 15 banks and 40 buy-side firms participating.

Both IssueLaunch and Investor Access are part of IssueNet, “Ipreo’s syndicate-to-syndicate communications network that enables banks to synchronize order books between members of the deal’s syndicate and streamline the deal management process between banks”, according to the firm.

Romain Beillard, also with Asia Syndicate at Credit Agricole CIB, added, “The release of IssueLaunch has provided a level of consistency and transparency that was needed in the execution of corporate deals, and Asian investors have shown a warm welcome to this initiative”. At present time, 111 banks are members of IssueNet.