Yieldbroker to bring IHS Markit’s InvestorAccess to Australia

Rick Steves

InvestorAccess connects buyside and sellside participants, and the collaboration with Yieldbroker will help streamline and automate the entire primary trade lifecycle.

Yieldbroker, a Tier 1 licensed electronic trading platform for Australian and New Zealand debt securities and derivatives, has partnered with IHS Markit to bring InvestorAccess to Australia.

InvestorAccess will be delivered through an interface with Yieldbroker’s electronic trading platform for debt capital markets.

The solution combines IHS Markit’s new issuance workflows and Yieldbroker’s secondary market ticketing capabilities, enabling automatic processing of primary market trade tickets post-deal.

ASIC has recently made a few best practise observations for allocations in debt capital markets. The solution has full functionality for both outright and EFP (spread) transactions, which will help address those observations.

Market participants will be able to:
– view a consolidated global new issuance deal calendar with standardised terms and conditions
– receive deal updates from a single source through consolidated messaging
– electronically enter indications in a centralised location (including laddered, limit and multiple entity orders with secure, one-click submission)
– receive new issue allocations and other information during the bookbuild process direct from the syndicate banks

The Yieldbroker interface then automatically generates trade tickets for allocations and any relevant hedges, with trades being instantaneously reported using the platform’s electronic ticket functionality and STP capabilities.

Anthony Robson, Chief Executive Officer at Yieldbroker, said: “Yieldbroker continues to focus on providing solutions that help our market participants improve their trading efficiencies and meet their increasing compliance and regulatory needs. Our collaboration with IHS Markit is another important step forward in the primary market space and will deliver multiple benefits for all participants in the primary market. Yieldbroker is excited to be partnering with IHS Markit and we look forward to being part of the rollout and uptake of the Investor Access service both in Australia and overseas.”

Seiichiro Miyaoka, managing director and APAC head of global markets group, IHS Markit, commented: “With our strategic focus on interoperability and connecting capital markets globally, this collaboration is one more step forward in bringing the best-of-breed capabilities to our clients to facilitate capital formation. We expect our collaboration with Yieldbroker to be of great value to buyside, sellside and debt capital market issuers in Australia. The collaboration will significantly improve internal processes and controls, providing greater automation across primary and secondary market workflows. Deal terms will be routed directly to investors in standardized, compliant formats, enabling a comprehensive audit trail of all investor and bank interactions to ensure greater accuracy for orderbooks, while decreasing the likelihood of order inflation.”

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