Liquidnet to Enter Debt Market with Upcoming DCM Launch

Liquidnet, an institutional trading and equities network, announced on Tuesday of its plan to launch Liquidnet Debt Capital Markets (DCM), thus, entering the debt primary market technology space.

The company will integrate its upcoming debt market offerings with its Fixed Income Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. This will bring the primary and secondary market participants under a single platform.

Additionally, the product will offer 'last-mile' mile connectivity to buy-side for syndicate banks and will also streamline the mandatory manual processes in the debt market.

Commenting on the new product, Liquidnet’s global head of fixed income, Constantinos Antoniades said: “Our solution will provide an OMS-connected workflow, making the process of managing multiple new issues by asset managers more efficient, more automated, and less time-consuming. We are committed to providing the market with an open and interoperable industry solution that is available to all clients and banks in Europe and the US, and we look forward to working with other firms for the benefit of the industry.”

Leveraging the Existing Dominance of Liquidnet

The New York-headquartered company is aiming to launch the product later this year, however, no specific timeline has been mentioned.

Liquidnet also validated and examined the workflow of the new product for 2 years in partnership with leading asset managers and syndicate banks across Europe.

DCM will also Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term Liquidnet’s existing network that includes over 1300 buy-side corporate bond traders and 500 asset managers, along with the integration with the OMS platforms.

Initially, the platform will cover new European corporate bond issues and will be available to all Liquidnet Fixed Income members and syndicate banks.

“We have crafted this solution together with asset managers and syndicate banks during more than 20 sessions with our three asset manager working groups in London, Paris, and Frankfurt, and our London-based syndicate bank working group,” Paul Tregidgo, a senior advisor at Liquidnet, said.